Category: Markets
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Sri Lanka’s Amana Takaful converts 43mn debentures to shares
FINANCIAL CHRONICLE – Amana Takaful in Sri Lanka has announced the conversion of 43,025,354 debentures into ordinary voting shares, with each share valued at a conversion price of 4.50 rupees. The debentures in question are unlisted, unrated, unsecured, and redeemable, and they include a convertible option. Following this announcement, the Amana Takaful share experienced a