Renuka Holdings PLC’s rights issue concluded on December 16 raising 1.082 Bn, higher than the required 1.03 Bn for complete subscription of the offer signaling 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 March 31 the Group turnover was approximately Rs. 8 bn and total equity stood at Rs. 9.7bn
Renuka Holdings PLC (also known as the Renuka Group) is a diversified organisation listed on the Colombo Stock Exchange and is the parent company for subsidiaries engaged in Agri Food Exports, Organic Plantations, FMCG, Dairy, Property & Investment, tracing its roots to the year 1866.
American automakers such as Buick have told the media that they don’t believe Americans care where their car is built, as long as quality stays consistent. That is why some automakers have invested in Chinese manufacturing facilities and have been testing the potential to sell Chinese-built cars in the United States in the last few years.
As of the summer of 2018, the tide is changing again, though it’s not based on consumer feedback. Thanks to the developing trade war with China, which has the biggest automotive industry in the world, the government has decided to penalize automakers who build cars there and bring them here. According to 24/7 Wall St, American automakers send about 250,000 cars to China every year and import about 50,000.
Ceylinco Life representatives led by Director Devaan Cooray (centre) at the 2021 SLIM Peoples Awards ceremony.
Sri Lankans have voted Ceylinco Life the ‘Peoples Life Insurance Service Provider of the Year’ for the 15th consecutive year, making the country’s life insurance leader the only company in its sector to win the coveted SLIM Peoples Award every year since the inception of the awards programme.
This emphatic reaffirmation of popularity at the 2021 edition of these awards has only been outdone in longevity by Ceylinco Life’s performance, coming as it did a month after the company’s financial results showed that it had retained market leadership in Sri Lanka’s life insurance industry for the 17th successive year.
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.
Renuka Holdings Rights Issue raises over Rs 1 bn dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.