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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Economics

CEB Cuts Tariffs Due to Lower Generation Costs, IPP Payments Unaffected

  • July 25, 2024

Fitch Ratings-Colombo/Singapore-25 July 2024: Despite a 22.5% tariff cut effective from 16 July 2024, Ceylon Electricity Board’s (CEB, BB+(lka)/Stable) cash flow will remain sufficient to service debt, according to Fitch Ratings. The agency anticipates no immediate impact on the Sri Lankan electricity distributor’s payments to independent power producers (IPPs). The lower tariffs are supported by

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