Friday, 14 March 2003 |
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Commercial Bank to raise Rs. 4 billion in Preference Shares, Debentures By Ravi Ladduwahetty Commercial Bank of Ceylon Ltd will shortly raise Rs. 4 billion through
Preference Shares and Debentures which will fund the bid for the purchase of
the 90 percent divestiture of the Sri Lanka Insurance Corporation Ltd,
opening of two branches of the bank in Chennai and Bangalore and also the
expansion of its Information Technology infrastructure. It will also fund
the medium term lending program of the bank. Other Stories |
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