- Last Update 2025-05-16 11:38:00
Capital Alliance PLC IPO for regional expansion in May
Sri Lanka’s Capital Alliance PLC is looking to raise nearly Rs. 1.6 billion through an initial public offering (IPO), stock exchange sources said.
"The issue will be 7.6 per cent of the company's issued capital," one source said. He said the company is raising capital for expansion in Kenya, East Africa, adding: "They hope to set up a full service investment bank in Kenya."
Capital Alliance PLC also has an operation in Bangladesh -CAL Bangladesh. It is a financial intermediary in Bangladesh, offering merchant banking and stock brokerage services to a diverse group of clients. The IPO opens on May 8.
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- May 9, 2025 - 187 - 0
SLAF Bell 212 crashes into Maduru Oya
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
- May 9, 2025 - 162 - 0
Five killed in helicopter crash
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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