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.

To contact the reporter on this story: Anusha Ondaatjie in Colombo, Sri Lanka at anushao@bloomberg.net.

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