Janashakthi goes for Rs. 33 m share issue
Will raise Rs. 400 m for expansion:
The first Initial Public Offering after two years
of silence will be rolled out by Janashakthi Insurance Co Limited to
issue 33 million ordinary shares at Rs 12 each to raise Rs 400
million for the company.
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DFCC Group posts Rs 2.16 b profit for 2007/08
The DFCC Group performed satisfactorily during
the financial year ended March 31, 2008 despite the many challenges
it faced, Chief Executive and Director of DFCC Bank Nihal Fonseka
said.
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Rapid growth in Lankan IT industry
"We want to build sustainable business globally
and give our customers the best we could in order that they could do
better in the SME sector. The SME sector in Sri Lanka is growing
rapidly and there is a rapid growth in the IT industry too and I see
that there is a large market potential in Sri Lanka," said Vice
President, SME, SAP India, Dep Deep Sengupta.
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