Browns Investments Rs. 250 m IPO opening on 23 June

The Colombo Stock Exchange (CSE) announced yesterday it has in principle approved an application for listing of ordinary voting shares of Browns Investments Ltd., on the Diri Savi Board.

Its Initial Public Offering with 50 million shares at Rs. 5 each will officially open on 23 June whilst subscriptions will be accepted from 13 June onwards.

Taprobane Holdings Ltd., is the managers to the offer whilst SSP Corporate Services is the Registrars.