The Board of Directors of Watapota Investment PLC has resolved to recommend a Rights Issue of Ordinary shares to the Shareholders of the company.
The company proposed to issue 25.1 Million [25, 162 800] shares as rights in the Proposition of 75 new ordinary shares for every 2 Ordinary shares held at the price of Rs.20 each. The total rights will be worth of Rs.503.256 Million.
Further the company stays the Primary objective of the Rights Issue is to raise capital for the company to carry out its planned investment activities.
In a minute difference Watapota Investment inform its get into Expo Lanka Holding Limited.