Category: Business News

  • Thousand public locations to get free Wi-Fi in Sri Lanka

    The Information and Communications Technology Agency (ICTA), which implements the government’s ICT policies, will be launching the ‘Free Wi-Fi’ project in partnership with all telecommunication operators, in the coming months, to let citizens have further accessibility to information and participate in e-governance. Thousand public locations will get Wi-Fi free of charge. This has been finalized.…

  • Hayleys PLC debentures Allotments

    Hayleys PLC announces to Colombo Stock Exchange that the Board of Directors of Hayleys PLC has decided to allot the subject Debentures on the following basis in respect of all valid applications: Number of Debentures Applied Basis of Allotment Type A Applications up to and including 2,000,000 Debentures (i.e. up to and including LKR 200,000,000/-)…

  • Renuka Agri Foods PLC Invest Rs. 609 Million on Renuka Organics (Pvt) Ltd

    Renuka Agri Foods PLC  inform to Colombo Stock Exchange that the company has invested in 4,350,000 Ordinary Shares of its fully owned Subsidiary Renuka Organics (Pvt) Ltd of No. 69, Sri Jinaratana Road, Colombo 2, at Rs 140/= per share to a value of Rs 609,000,000/= on 27th February 2015. Renuka Organics (Pvt) Ltd is…

  • Colombo Stock Exchange open its Social Media engagement in Face book and Linked in

    The Colombo Stock Exchange (CSE) today announced the launch of Facebook and LinkedIn Pages to ensure greater engagement with stakeholders through social media channels, in its endeavour to broad base investment amongst the masses. Facebook Link: https://www.facebook.com/cseonline2014 LinkedIn Link: http://www.linkedin.com/company/colombo-stock-exchange The Facebook Page intends on reaching retail investors and students who are eager to receive…

  • DFCC Vardhana Bank PLC Dividend Announcement

    DFCC Vardhana Bank PLC announce their Dividend on 2nd March 2015 at Colombo Stock Exchange with below statement, This is to inform you that the Board of Directors of DFCC Vardhana Bank PLC (the Bank) decided, at the Board meeting held on 27th February 2015, to propose a first and final dividend of Rs 0.90…

  • Hayleys PLC issue of 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 100/. Each

    Hayleys PLC announced to Colombo Stock Exchange about their 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 1000/- Each details of payments received by way of Bank Guarantees, RTGS transfers, Bank Drafts and Cheques relating to the above prior to the rejection of applications:   TYPE A Payments made by Bank Drafts and Cheques…

  • Marawila Resorts PLC Rights Issues for 122,500,000 Shares for 1:1

    Marawila Resorts PLC announced to Colombo Stock Exchange that the Board of Directors of Marawila Resorts PLC at a meeting held this evening resolved to issue 122,500,000 Ordinary Shares at a price of Rs.3/- per share by way of a Rights Issue in the proportion of One (01) new Ordinary Share for every existing issued…

  • Browns Investments PLC Acquired fully (95%) of FLC Joint Venture Company (Pvt) Ltd

    Browns Investments PLC announced to Colombo Stock Exchange that that Browns Investments PLC has acquired 50,000,000 shares of F L C Joint Venture Company (Pvt) Ltd, which is 50% of the stated capital of the Company, from Perpetual Holdings Limited on 03rd March 2015 for a consideration of a sum of Rs. 651,200,000/-. FLC Joint…

  • Hemas Going for Right Issues of 57,254,513 ordinary shares (1:9)

    Hemas Holding PLC announced to the Colombo Stock Exchange that the company is proposed to issue of 57,254,513 ordinary shares by way of a 1 for 9 rights Issue. The statement stated “We wish to inform you that the Board of HHL has received a written statement from the major shareholders of HHL namely Messrs.…

  • John Keells Holdings PLC Terminates Fitch Ratings for John Keells Holdings

    John Keells Holdings PLC stated to the Colombo Stock Exchange that the Company has informed Fitch Ratings Lanka Limited (“Fitch”) that it wishes to terminate its Mandate with effect from 27 March 2015. The Company believes that a local rating is not warranted at this juncture of time considering the Company’s current debt funding sources…