South Asian Textile Mills Ltd in Pugoda has confirmed an Initial Public Offering (IPO) within the next two months while Ceylease Financial Services along with three other firms are likely to list in the Colombo Stock Exchange (CSE) this year, according to officials and sources.
Channa de Silva, Director General SEC (Securities and Exchange Commission), told media that out of the three firms two are in the manufacturing business and the other is in power generation. He said the textile firm will list about 25% in equity while planning to raise about Rs 2 billion and will list in about three to four months in the CSE.
Another SEC source confirmed to The Sunday Times FT that Ceylease, a Bank of Ceylon subsidiary is also in talks with the CSE to list, which a Ceylease official also confirmed. |
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