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Sat, 01 November 2014 04:08:35
Sri Lanka leasing IPO oversubscribed on opening day
03 Nov, 2011 12:36:39
Nov 03, 2011 (LBO) - A 70 million US dollar initial public offer of shares by Sri Lanka's People's Leasing Company was oversubscribed on the opening day Thursday itself and would close in the afternoon, a stock exchange filing said.
People's Leasing Co., the island's largest leasing company, offered 390 million shares at 18 rupees a share.

PLC is a fully owned unit of state-run People's Bank and the IPO was expected to attract foreign interest.

Registrars to the issue S S P Corporate Services said the IPO would close by 4.30 pm Thursday and the basis of allotment would be notified to the stock exchange later.
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READER COMMENT(S)
1. Investor Nov 03
It will be interesting to see how much of the 'foreign interest' has been converted into actual investment.

And let's see how much the Government itself has put in through the EPF, SLIC, NSB, Bank of Ceylon etc.