Bank Aboard

Sri Lanka's Prime Minister Ranil Wickremesinghe arrives with flowers to receive blessings at the Gangaramaya Buddhist Temple, Colombo, Sri Lanka on Wednesday 4 April 2018. On wednesday (4), Wickremesinghe survived a no-confidence motion in the Sri Lankan parliament with a 46 vote majority after a 12-hour debate with 122 MPs voted in his support while 76 MPs voting to remove the prime minister. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images)

The Colombo Stock Exchange said 61,812,507 shares would be quoted at par by way of an introduction.

rnrnThe issue is limited to National Development Bank
quote s existing shareholders. NDB raised Rs. 403,125,000 through a rights issue. The balance was earlier issued by way of a debenture.

rnrnThe listing was originally scheduled for end December last year, but unsettled political conditions compelled the bank to postpone it to April.rn