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The Invisible
The Invisible
Posts : 3112
Join date : 2016-11-28
Age : 41

Prime Residencies raises Rs1.95bn from IPO Empty Prime Residencies raises Rs1.95bn from IPO

Thu May 13, 2021 3:46 pm
ECONOMYNEXT – Sri Lanka’s Prime Residencies, a property developer has raised 1.95 billion rupees in the initial public offering, the Colombo Stock Exchange said.


that a share issue by Prime Land Residencies Limited, a Sri Lankan property developer at 10.40 rupees per share was oversubscribed on the opening day Tuesday.


Prime Lands Residencies Limited offered 100 million ordinary voting shares in the Initial Public Offering (IPO) to raise 1,040 million rupees which opened on May 11 2021 and further 910 million shares if the first tranche was fully subscribed.


The CSE said both tranches were subscribed and the subscription lost closed on May 12. (Colombo/May13/2021)

කිත්සිරි ද සිල්වා likes this post

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soileconomy
Posts : 78
Join date : 2016-05-26
Age : 43
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Prime Residencies raises Rs1.95bn from IPO Empty Re: Prime Residencies raises Rs1.95bn from IPO

Thu Jun 10, 2021 4:51 am
Real value is coming out

කිත්සිරි ද සිල්වා likes this post

කිත්සිරි ද සිල්වා
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Prime Residencies raises Rs1.95bn from IPO Empty Re: Prime Residencies raises Rs1.95bn from IPO

Thu Jun 10, 2021 8:29 am
Message reputation : 100% (1 vote)
With a glut in the Property Market today, as a long term investment perhaps. Very Happy

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