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Sri Lanka BPPL Holdings IPO oversubscribed

Mar 08, 2017 (LBO) -  Sri Lanka's brush exporter BPPL Holdings said its initial public offer of 30.
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68 million ordinary shares at 12 rupees each was oversubscribed the opening day.
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The company said in a stock exchange filling that therefore they were closing the offer, Tuesday. The company also known as Beira group said Hirdramani Investment Holdings (Pvt) Ltd, which owns a 23.
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4 percent stake, sold 30.6 million shares to raise 368.2 million rupees. The basis of allotment will be notified in due course, it said.
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