India, because of its proximity, cultural ties and to some extent political links, is fast becoming the biggest-ever tourism source market for Sri Lanka with the number of flights set to rise by almost three fold from a current 100 flights per week, travel industry sources said.
A host of subscribers to the sell-down/Private Placement (PP) of Expolanka Holdings – which has raised questions in the market over its IPO pricing - will ‘not’ sell their stock in the short term, according to some High Networth Individuals (HNWI), institutions as well as Expolanka officials.
