Further, the Integra Essentia is seeking to appoint a Big4 advisory firm for evaluating the aforesaid proposed consolidation from tax and regulatory perspective.
Integra Essentia Ltd to evaluate merger proposal with G G Engineering Ltd equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Nations Trust Bank continued
to demonstrate its resilience in performance during the year. The loan
portfolio increased by LKR 26 billion recording a 12% growth during the first
six months of the year despite the challenging business environment.
While continuing to provide
working capital loans
First Capital Holdings PLC (the Group), intends to raise a sum of LKR 1 billion via a Listed, Rated, Unsecured, Senior, Redeemable Debenture issue with a tenor of 5 years with an option of issuing up to a further LKR 1 billion in the event of an oversubscription. Accordingly, FCH will issue 10 million debentures, with the ability to extend to a further 10 million in the event of oversubscription and will be listed on Colombo Stock Exchange by way of an Offer for Subscription. The issue is rated [SL] A with Stable outlook by ICRA Lanka Limited. The debentures in the denomination of Rs. 100 are offered in two variants, Type A with 5-year fixed interest rate of 10.00% p.a (AER 10.00%) payable annually, Type B with 5-year floating interest rate of weekly AWPLR + 2.00% p.a payable annually.