Category: Markets

  • LVL Energy Fund of Sri Lanka Launches Rs507 Million Rights Issue

    LVL Energy Fund of Sri Lanka Launches Rs507 Million Rights Issue

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    FINANCIAL CHRONICLE – Sri Lanka’s LVL Energy Fund is planning to generate 507 million rupees through a rights issue. The offer will be structured at a ratio of 3 new ordinary voting shares for every 31 existing shares, aimed at settling outstanding debt. In a stock exchange filing, the company stated, “To pay off the

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