The Finance share issue crosses half mark

Tuesday, 25 January 2011 00:43 - - {{hitsCtrl.values.hits}}

THE Rs. 1.6 billion share issue of The Finance Plc has so far drawn applications worth only Rs. 815 million.

The amount raised thus far was as at 21 January, the official opening day of the share issue. It was up for subscription since 11 January.

The Company is issuing 40 million shares at Rs. 40 each to boost its capital to fund growing business.

As of 21 January there had been 1,290 applications including two via bank guarantee requesting for 20.37 million shares worth Rs. 815.148 million. The issue will be kept open for 14 market days.

Its shares yesterday traded on the Colombo Bourse between a high of Rs. 45 and a low of Rs. 43.70 before closing at Rs. 44.50, up by 50 cents.