The 39,685,048 shares listed by Citizens Development Business Finance (CDB) Ltd in the Diri Savi Board of the Colombo Stock Exchange are expected to trade today.
Ernst & Young act as advisors to the listing and Nithya Partners as the Legal Advisors.
CDB's GM / CEO / Director Mahesh Nanayakkara said the key objectives of the listing are to comply with the regulatory requirements ahead of stipulated deadlines, broadening CDB's shareholder structure, strengthening the capital raising ability to support future growth strategy and increasing transparency as a public listed institution.
Ernst & Young's Arjuna Herath said, considering the past performance of CDB and the professionalism with which the company is managed, CDB's shares are expected to do well in the Colombo Stock Exchange.
source - www.dailynews.lk
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