Janashakthi shares trade today
Ordinary shares of Janashakthi Insurance Co Ltd (JICL) valued at Rs.
363 million will commence trading on the Colombo Stock Exchange today,
(Monday 21).
The highly successful JICL IPO which was launched on June 16, was the
first IPO in Sri Lanka in two years, and went on record as being
oversubscribed four times over, within hours of its opening.
|
Prakash Schaffter |
The Company initially sold 16.5 million shares at Rs. 12 each, while
the Board of Directors decided to exercise the option to issue a further
of 16.5 million shares, thus doubling the offering.
Extending his unqualified and sincere thanks to everyone who placed
their trust in the IPO and in the long term prospects of the Company,
Managing Director, Prakash Schaffter said that the success of the IPO is
an endorsement of the Company’s strength and image.
“The flood of applications in record time not only demonstrated
representation across the country, but also reinforced the level of
trust and confidence people have in Janashakthi”, Schaffter added. |
