Sri Lanka based Adam Investment Plc, has been given the nod to raise 400 million rupees through a public offer, the Colombo Stock Exchange said.
The company has interests in apparel, consumer goods and information technology, according to its website.
The firm will offer 133 million shares at 3 rupees a share and will be listed on the 'Diri Savi' second board of the exchange.
The firm said it has a 39 percent stake in Orient Garments Plc, 21 percent in Adam Apparels (Pvt) Ltd and 8.9 percent in Ceylon and Foreign Trades Plc as well stakes in other unlisted firms.
Subscriptions will open on May 19. The offer is managed by Capital Trust Financial (Pvt) Ltd.
Adam Investment Plc raise 400Mn IPO
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Oleh
Lanka Stocks
