The public share issue conducted by The Finance Company Plc raised Rs. 1.6 billion fresh capital and closed on 27th January, successfully. As planned, the share issue was mostly subscribed by prominent institutional investors and high net worth individuals. As a result of these investments the largest banks in the country, namely, Bank of Ceylon and People’s Bank, have become key shareholders of The Finance Company Plc, the company said in a statement yesterday (15). Seylan Bank too owns a significant shareholding. The Finance did not divulge the extent of these shareholdings.
The Finance Company says it has obtaining over Rs. 400 million in new deposits in the month of January through its ‘well-spread branch network’ across the country.
source - www.island.lk
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