Commercial Bank to raise Rs 1 b through debenture issue
Commercial Bank of Ceylon PLC has received the
Colombo Stock Exchange approval to list its debt securities on the
Main Board of the CSE. Commercial Bank will raise Rs 1 billion
through 500,000 unsecured, subordinated , redeemable debentures at
an issue price of Rs 1,000 each ,
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The Blue Water to invest Rs. 450 m in new hotel
Union Resorts Ltd the managing and owner company
of The Blue Water would further invest Rs. 450 million to build a
second hotel adjoining the main property. Chairman of the Hotel,
Ajith Wijeyesekera, told Daily News Business at the recently
concluded ITB in Berlin that the new property would be an all suite,
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Mabroc Teas posts Rs 26.1 m net profit
Mabroc Teas Pvt Ltd which is a fully owned
subsidiary of (KVPL) reported a post tax profit of Rs 26.1 million
last year. KVPL Chairman A.M Pandithage said, the company
revitalized its operational effectiveness through investments,
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