LKCSE Colombo Stock Exchange Close
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time
Black
White

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
14 October, 2014 09:13 AM Source: Financial Times - Sri Lanka
Construction in hambanhota.jpg

Renuka Holdings Plc has announced a one for one Rights Issue to raise Rs. 1 billion to finance investment in a property development project in Colombo 3.
The Board resolved yesterday to issue 44.517 million ordinary voting shares at Rs. 21 each and 6.43 million nonvoting shares at Rs. 15 each. The Company’s current stated capital is Rs. 175 million represented by 44.5 million voting shares and 6.4 nonvoting shares.
The foray into property development reflects diversification. The Group has interests in agri business, dairy, consumer and automotive apart from investment and services sector.
The Company’s voting share traded at Rs. 39.50, down by one rupee yesterday. Net Asset Per share at Company level is Rs. 11 and at Group level is Rs. 47 as at June 2014.
Renuka Group and related parties hold a 55% stake. Other major shareholders of voting stakes include NSB (6%), Sri Lanka Insurance Corporation (3.4%) and ETF (3.2%). The largest non voting shareholder is K.C. Vignarajah with a 4.7% stake.
The Group’s total revenue stood at Rs. 1.9 billion for the first quarter of FY15, up by 22% from an year earlier and total comprehensive income amounted to Rs. 88 million, up by 24%. Net profit attributable to equity shareholders was Rs. 50 million, up by 31%.

Read Original Article

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus


Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
and
Many more


Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014

Login

Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?