Tag: Sri Lanka’s Janashakthi Shareholders Approve Rights Issue to Fund Acquisition of AIA General

Janashakthi-Insurance

Janashakthi rights issue approved for AIA General acquisition

Oct 16, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance received the formal go ahead from its shareholders to raise over 3.357 billion rupees by way of a rights issue of over 181.5 million rupees new ordinary shares  at its Extraordinary General Meeting (EGM) held on Friday to fund acquisition of AIA insurance, the company said in a statement. Under this rights issue, Janashakthi will be issuing […]