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Sri Lanka’s Orient Finance to raise Rs1bn through IPO

Jan 06, 2016 (LBO) – Sri Lanka’s finance sector player Orient Finance is to raise one billion rupees by way of an Initial Public Offering.

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The company will offer 71.5 million ordinary shares at 15 rupees each, the company said in a stock exchange filing.

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The finance company formerly known as Bartleet Finance has obtained approval from the Colombo Stock Exchange and Central Bank to list these shares on the Diri Savi board.

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Subscriptions list will be open on 25 January 2016 with Kenanga Investment Corporation managing the issue.