Galle Face Properties Ltd, a subsidiary of conglomerate Renuka Holdings, recently partnered with Sampath Bank as the exclusive project funding partner for the development of the Galle Face Icon, a 30-storey building with grade A office space, amenities, serviced suites and recreational areas located
Renuka Holdings MD S.V. Rajiyah
Renuka Holdings PLC’s rights issue concluded on Wednesday, raising 1.082 higher than the required Rs. 1.03 billion for complete subscription of the offer, signalling strong investor confidence.
This Rights Issue was carried out via online channels facilitated by the Colombo Stock Exchange. The managers to the rights issue were Capital Alliance Partners Ltd., while the registrars were the Central Depository System.
The proceeds of the Rights Issue will enable strengthening of the group’s balance sheet and also to fund future investments. As at 31 March 2020 group turnover was approximately Rs. 8 billion and total equity stood at Rs. 9.7 billion.
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