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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Economics

CEB Utilizes Rs. 93 Billion Profit to Settle Power Project Debts: Minister Wijesekera

  • August 22, 2024

Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered by June 2024, to settle various power project debts. In a post on ‘X,’ Minister Wijesekera detailed that the net profit was utilized to pay outstanding amounts owed to renewable energy developers,

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