Sri Lanka brush maker Beira group closes up after debut

ECONOMYNEXT – Shares of Sri Lanka’s BPPL Holdings, a brush exporter also known as Beira Group, closed at Rs12.50, up 50 cents or 4% when trading started on the Colombo bourse Tuesday.

The firm, whose initial public offer of 30.68 million ordinary shares at Rs12 each was oversubscribed on the opening day, opened at Rs12.50 and traded between Rs13-12.40 with a turnover of Rs10.8 million and 853,881 shares traded.

(COLOMBO, April 4, 2017)

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