Sri Lanka’s RIL Property Ltd IPO of 120 million shares at Rs. 8 per share, which opened at the Colombo Stock Exchange on Tuesday, was oversubscribed within minutes of its opening.
The company was planning to raise Rs. 960 million from this offer. The oversubscription on the opening day itself of an IPO has been a regular, recent occurrence on the exchange. – ENDS -
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
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