The IPO of WealthTrust Securities Limited (WTS) was oversubscribed within minutes, prompting closure at 4.30 p.m on Tuesday December 16.
The issue offered 71,548,244 Ordinary Voting Shares at Rs. 7 each to raise Rs. 500,837,708, and will list on the Diri Savi Board of the Colombo Stock Exchange, the company said in a media release.
A Primary Dealer authorised by the Central Bank of Sri Lanka and licensed by the Securities and Exchange Commission of Sri Lanka as a Stock Broker (Debt) and Stock Dealer (Debt), WTS drew strong investor demand.
Proceeds will strengthen core capital, enhancing buffers ahead of phased minimum core capital increases effective 1 January 2026 and 1 January 2027.
The capital raise is expected to strengthen WTS’s capacity to absorb market and interest-rate risk exposures from its primary dealer operations, supporting long-term value creation.
A QR Code for fuel distribution for vehicles has been implemented from today.
The Editor, of Lankaenews website Sandaruwan Senadheera was arrested at the Bandaranaike International Airport while returning from UK.
Prices of both used and modified vehicles are expected to drop with the government’s decision to remove the surcharge of 50 per cent imposed on vehicles
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