Sri Lanka based Abans Finance to raise Rs276mn for share placement

ECONOMYNEXT – Sri Lanka’s Abans Finance Plc, a licensed non-bank lender said it would sell 11 million share to a private investment company to raise 276 million rupees and boost its capital.

Ironwood Investment Holdings (Pvt) Ltd, a Colombo-based company will buy 11.067 million shares at 25 rupees each in a private placement, the Abans Finance said in a stock exchange filing.

Abans Finance now had 44.40 million shares in issue and a state capital of 567 million rupees.

The decision by the Board, is subject to shareholder and stock exchange approval. (Colombo/June27/2016)


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