June 21, 2011 (LBO) - An initial public offer of Vallibel One, a company connected to Sri Lankan businessman Dhammika Perera would close Tuesday after being oversubscribed, the issue's manager said.
Vallible One offered 532.8 million rupees for a 300 room hotel through an initial public offer.
The firm offered 31.2 million shares at 25 rupees to raise 532.8 million rupees to part finance a 5.6 billion rupee hotel.
Earlier in the year the firm raised 4.9 billion rupees through a private placement, also at 25 rupees.
Out of this 2.46 billion rupees will be invested in the hotel company, Greener Waters Ltd, the firm said in a prospectus.
source - www.lbo.lk
No comments:
Post a Comment