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PLC's Rs. 7 b IPO oversubscribed

Thursday, 3 November 2011 15:38 - - {{hitsCtrl.values.hits}}

People's Leasing Company's (PLC) Rs. 7 billion Initial Public Offering (IPO) has been oversubscribed today the official opening day.

The Company offered 390 million shares at Rs. 18 each.

The IPO is the biggest by a fully Sri Lankan owned entity and the second biggest following Rs. 8 billion issue of Dialog Telekom in 2005.