CSE News Updates

Windforce IPO biggest in 9 years opens today; billed to be heavily oversubscribed

Renewable energy giant Windforce Ltd.’s Initial Public Offering (IPO) worth Rs. 3.2 billion, the biggest in nine years, will have its official opening today, heralding a landmark milestone for both the company and the capital market.

Styling itself as Sri Lanka’s biggest and fastest growing producer of renewable energy, the Windforce IPO offers 15% stake or 202,615,341 new ordinary voting shares of par value of Rs. 10 at Rs. 16 each. The previous biggest IPO in recent years was that of People’s Leasing (PLC) worth Rs. 7 billion in 2012.

More at - http://www.ft.lk/front-page/Windforce-IPO-biggest-in-9-years-opens-today-billed-to-be-heavily-oversubscribed/44-715266

Royal Ceramics Lanka Announces Dividend and Share Split.

Dividend per share (Rs.) - 11.00
Type of dividend - Second interim
Financial year - 31st March 2021
XD date - 23 Feb 2021
Payment date - 17 Mar 2021
Description - 2nd Interim Dividend of Rs. 11/- per share for the year ending 31st March 2021

The proportion in which with reference to the existing shares the increase is to take place by way of a sub-division
Voting : 1:10
Existing number of shares of the company
Voting : 110,789,384
Resulting number of shares of the company after sub-division
Voting : 1,107,893,840
Description : Sub-division of every 01 Ordinary Share into 10 Ordinary Shares