Sri Lanka Telecom (SLT) plans to issue nearly 90 million new ordinary shares, representing 4.74 per cent of the issued shares, through a private placement.
This decision was made by the company’s board of directors at a meeting on August 9, SLT said in an announcement to the Colombo Stock Exchange (CSE). It is based on the need to maintain the CSE’s minimum public shareholding requirement.
Currently the company’s issued capital is Rs, 18 billion represented by 1.8 billion ordinary shares. Funds received from the new allocation of shares will be utilized to structure the debt portfolio of the SLT by refinancing its short-term borrowings.
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The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
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