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SLT share issue: local IPO on November 25

By Ravi Ladduwahetty

The much-awaited Sri Lanka Telecom Initial Public Offer will open on November 25. This will also be the first instance that a Sri Lankan telecommunications company will be listed on the Colombo bourse. The issue will aim to raise US$ 40 to 50 million , as a part of the Government's revenue target of Rs. 21 billion through privatisation proceeds for 2002.
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