ECONOMYNEXT – Sri Lanka’s Prime Residencies, a property developer has raised 1.95 billion rupees in the initial public offering, the Colombo Stock Exchange said.
Prime Lands Residencies Limited offered 100 million ordinary voting shares in the Initial Public Offering (IPO) to raise 1,040 million rupees which opened on May 11 2021.
It would offer a further 910 million shares if the first tranche was fully subscribed.
The CSE said both tranches were subscribed and the subscription lost closed on May 11. (Colombo/May13/2021)