Odel to Raise 250.5 Million Rupees in Share Offering: Sri Lanka IPO Alert
The following are details of a planned initial share sale by Sri Lankan retailer Odel Ltd.
*ODEL LTD.: The Colombo-based company plans to raise 250.5 million rupees ($2.2 million) selling shares for the first time, according to a circular from the Colombo Stock Exchange. Shares offered: 16.7 million shares at 15 rupees apiece. Target: 250.5 million rupees. Offer opens: July 5. Arrangers: CT Capital (Pvt) Ltd. Listing: Colombo Stock Exchange second board.