June 09, 2011 (LBO) - A share offer by Sri Lanka's Softlogic group to raise four billion rupees was oversubscribed on the opening day Thursday, a stock exchange filing said.
Registrars to the issue P W Corporate Secretarial said the offer will close in the afternoon.
Softlogic Holdings is issuing 139 million ordinary shares at 29 rupees each to raise funds mainly to repay debt taken for investments and for increased working capital.
It was one of the biggest initial public offers on the Colombo bourse this year.
source - www.lbo.lk
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