Eden Hotel Lanka to raise Rs1.05bn through rights issue

Sep 03, 2015 (LBO) – Eden Hotel Lanka, a leisure sector player is to raise 1.








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05 billion rupees by way of a rights issue, the company said in a stock exchange filing. Subject to the necessary approvals, the company is to issue 52.

8 million ordinary shares at 20 rupees each in the ratio of one for every one share.


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The company who has interest in hotels and travels business said the proceeds will be utilized to repay part of the outstanding debts.