Business

LTL Holdings to Raise Rs. 16 Billion via Largest IPO in Sri Lanka

  • September 4, 2024

LTL Holdings, one of Sri Lanka’s leading power conglomerates, announced plans for an Initial Public Offering (IPO) to raise Rs. 16 billion, marking the largest IPO in Sri Lankan history. The offering comes with a greenshoe option to extend the total to Rs. 20 billion. CEO Nuhuman Marikkara stated that Rs. 13.5 billion of the

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Stock Market

LTL Holdings Plans Rs. 20 Billion IPO at Rs. 14.50 per Share

  • August 29, 2024

Sri Lanka’s LTL Holdings is set to raise up to Rs. 20 billion through an initial public offering (IPO), subject to regulatory approvals, in what could become the largest IPO in the history of the Colombo Stock Exchange (CSE). The company, an affiliate of the Ceylon Electricity Board, initially focused on manufacturing transformers but later

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