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17 October, 2012 07:33 AM Source: News360.lk
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Sri Lanka’s Colonial Motors is planning to raise Rs. 197.6 million via a Rights Issue, to set up a modern workshop and infuse working capital for the firm.

In a stock market disclosure, the company says, it will issue 1.52 million ( 1,520,719) ordinary shares at a price of Rs. 130, each.

Colonial Motors is planning to offer, one ordinary share for every six held by the shareholders.

The firm, which is the authorized distributor for “Mazda” vehicles in Sri Lanka and Maldives, will infuse Rs. 135 million to set up the proposed modern workshop. More...

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