Cash Injection

Ishara S. Kodikara | AFP | Getty Images Sri Lanka Prime Minister Ranil Wickremesinghe, center, speaks to supporters at the prime minister's official residence in Colombo on December 16, 2018, after he was reappointed as prime minister by Sri Lanka's president, the same man who fired him from the job nearly two months ago.

The long established company plans to raise Rs. 300 mn through the Initial Public Offering sometime in November.rn

rnShares will be offered at Rs. 20 each, which includes a 10-rupee premium.rn

rnThe company says the shares will be listed on the Colombo Stock Exchange, approval for which will be sought soon.rn

rnPrivate healthcare ventures including hospitals have seen a sharp increase in revenue over the last two years and analysts say the sector offers good investment opportunities.rn

rnNawaloka Hospital has one of the highest room occupancy rates in the healthcare sector.rn

rnThe company will be joining Apollo, Asha Central and Asiri Hospitals, which are already in the Colombo bourse.rn
Nawaloka Hospitals will go public to raise money for expansion to meet growing demand for private health care