Sri Lanka's trendiest department store, Odel is to raise 250.5 million rupees from its Initial Public Offering (IPO) next month.
The Colombo Stock Exchange (CSE) Monday approved the Odel's application for listing of 16.7 million ordinary voting shares at 15.00 rupees per share. The IPO will be opened on 5th July 2010.
Odel is planning to expand its operations beyond the city of Colombo into selected locations. It has already opened branches in Panadura, Wattala and Moratuwa.
CP
The Colombo Stock Exchange (CSE) Monday approved the Odel's application for listing of 16.7 million ordinary voting shares at 15.00 rupees per share. The IPO will be opened on 5th July 2010.
Odel is planning to expand its operations beyond the city of Colombo into selected locations. It has already opened branches in Panadura, Wattala and Moratuwa.
CP
