Sanasa Bank wants a billion Rupees

October, 7, 2014

Sanasa Development Bank PLC is preparing for a Rights Issue to increase the bank’s capital base as instructed by the Central Bank of Sri Lanka (CBSL) by issuing 12.5 million new shares.

These new shares would be one new ordinary voting share at Rs. 80 each for every two voting shares held.

Sanasa Bank expects to generate at least Rupees one billion through this rights issue.

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