Mar 01, 2011 (LBO) – Sri Lanka’s Senkadagala Finance, a registered finance company, has been given the nod to list on the second board of Colombo Stock Exchange through the ‘introduction’ process the bourse said in a statement. Sri Lanka’s finance companies have been asked to list on the stock exchange by the Central Bank, which is the sector regulator.
The CSE said 53.6 million ordinary shares will be listed by introduction. A listing by introduction does not involve an initial public offer for subscription of a stock of shares to the public.
Senkadagala Finance has been rated ‘BBB+(lka)’ by Fitch Ratings Lanka.