The Colombo Stock Exchange announced following regulations regarding to the Price band,

  • The 10% price band on the subject public listed company will be valid to 10 Market days only; and
  • All the licenced stock brokers asked to away with the requirement of 50% upfront cash for purchase of such shares[10% banded shares] captured within the said formula.

The Price band regulations are be effective from 1st March 2011.

Source: http://www.cse.lk/cmt/upload_cse_announcements/5081298615404_.pdf

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