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Company pleased but analysts say share
overpriced:
Ceylinco Insurance share issue raises Rs 1.13 b
The Rs. 1.5 billion Ceylinco Insurance non-voting
share issue which closed on Wednesday after 14 market days, raised
only Rs. 1130 million. However, the company was satisfied that it
raised over a billion rupees in depressed market conditions, though
falling short by around Rs. 300 million.
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NDB purchases shareholding of CDIC owned by BoC
NDB Bank purchased 23.86% of shares owned by Bank
of Ceylon (BoC) in the Capital Development and Investment Company (CDIC)
for Rs 1.15 Billion. Prior to the purchase, NDB owned 75.8% of CDIC,
a public quoted company in the Colombo Stock Exchange.
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Regional disparities reduce in 2007
National GDP, measured as the aggregate of the
provincial GDP, has grown by 21.7 per cent in 2007, reaching Rs.3,
577 billion with a per capita income of Rs.178,783 according Central
Bank of Sri Lanka.
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Lanka to host the first Apparel South Asia Conference
Sri Lanka will host the first ever Apparel South
Asia Conference, which will be held on the November 5 and 6 at the
Trans Asia Hotel in Colombo.
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SLT, BoC ink historic agreement
Sri Lanka Telecom entered into a partnership
with the Bank of Ceylon signing an historic agreement on July 9.
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WNS Holdings buys Aviva Global
Warburg Pincus-controlled WNS Holdings on
Tuesday acquired Aviva Global Services, the UK-based insurance
giant’s captive BPO in India and Sri Lanka, for $230 million.
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