Sri Lanka's TFC to offer Rs 3.6 billion in shares

Sri Lanka's Finance Company (TFC), under a direction of the Central Bank, said on Wednesday it was offering 40 million ordinary voting shares to the public through the Colombo Stock Exchange at Rs 40 per share.

It was also offering another 100 million non voting shares at Rs 20 each. Both offers will raise a total of Rs 3.6 billion for the former Ceylinco-controlled company which was resurrected by the Central Bank after it was caught in the 'swirling waters' of the crisis at Ceylinco Consolidated nearly two years back.