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.

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

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.

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