Renuka Holdings PLC’s rights issue concluded on December 16 raising Rs. 1.082 billion, higher than the required Rs.1.03 billion for complete subscription of the offer signaling strong investor confidence.
This rights issue was carried out via online channels facilitated by the Colombo Stock Exchange. The managers to the rights issue were Capital Alliance Partners Ltd, while the registrars were the Central Depository System. The proceeds of the rights issue will enable strengthening of the group’s balance sheet and also to fund future investments. As at March 31, 2020 the group turnover was approximately Rs. 8 billion and total equity stood at Rs. 9.7billion, the company said in a media release this week.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
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