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Softlogic Finance to Raise over Rs 2 2 Bn in Rights Issue - Adaderana Biz English

Softlogic Finance to Raise over Rs. 2.2 Bn in Rights Issue May, 13, 2021 Sights set on aggressive multifaceted business expansion Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, is all set to launch a Rights Issue to raise over Rs. 2.2 billion in a bid to infuse fresh capital for business expansion with a focus on the company’s future growth. The rights issue will see Five (5) new Ordinary Shares issued for every Six (6) existing Ordinary Shares held by shareholders for Rs. 10/- per new share. The infusion will strengthen the Company’s Tier 1 Capital, based on its forecasted Business Expansion Programme during the Financial Year 2021/2022. Further, it will be in compliance with the Capital Adequacy Requirements up to 1

CSE approves IPO of Prime Lands Residencies Limited - Adaderana Biz English

CSE approves IPO of Prime Lands Residencies Limited - Adaderana Biz English
bizenglish.adaderana.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizenglish.adaderana.lk Daily Mail and Mail on Sunday newspapers.

2020 – A turnaround year for the Sri Lankan stock market

2020 market turnover highest since 2011 Market capitalisation grown a trillion rupees since 12 May 2020 Increasing interest among local youth a key feature The Sri Lankan stock market ended 2020 on a positive note yesterday, marking a year in which the Colombo Stock Exchange (CSE) has seen indices indicate noteworthy resilience and attract record- breaking levels of trading activity.    Market performance  The benchmark All Share Price Index (ASPI) closed 2020 recording a growth of 10.5%, the highest annual increase the index has seen since 2014 and only the 12th occasion the index has seen a double digit percentage growth in CSE’s 35-year history. The ASPI ended 2020 on 6774.22 points. Sri Lanka’s ASPI was also recorded as the best performing stock market index for the month of September 2020, with the index recording a remarkable 12% growth during the month. 

Daily Mirror - Colombo stocks mark turnaround in 2020

Colombo stocks mark turnaround in 2020 1 January 2021 05:25 am - 0     More liquid S&P SL20 declines 10.1% 2020 market turnover highest since 2011 Adds Rs.109bn to market capitalisation  Net foreign outflow for the year hits Rs.51bn But attracts Rs.53bn stock purchases from foreign investors New CDS accounts show greater interest among youth to invest The Sri Lankan stock market ended 2020 on a positive note yesterday, marking a year in which the Colombo Stock Exchange (CSE) has seen indices indicate noteworthy resilience and attract record-breaking levels of trading activity.  The benchmark All share Price Index (ASPI) closed 2020 recording a growth of 10.5 percent, the highest annual increase the index has seen since 2014 and only the 12th occasion the index has seen a double-digit percentage growth in the CSE’s 35-year history. The ASPI ended 2020 on 6774.22 points. 

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