Thu, 09 Feb 2023 Today's Paper

People’s Insurance Rs.750mn IPO oversubscribed

17 December 2015 02:57 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Rs.750 million Initial Public Offering (IPO) by People’s Insurance Limited was oversubscribed yesterday, the company informed the Colombo Stock Exchange (CSE).
Accordingly, the issue was closed at 4:30 p.m. yesterday and the company said the basis of allotment would be notified to the CSE later. 
The company issued 50 million shares at Rs.15 each. 
People’s Insurance is the fifth largest non-life insurance provider with a market share of 6 percent.
The company is 75 percent owned by People’s Leasing & Finance PLC, which is a 75 percent-owned subsidiary of state banking giant People’s Bank.
People’s Insurance gets captive motor business from its parent, People’s Leasing & Finance, the market leader in the leasing and hire purchase industry in the country.

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Jeevan sets a record as Lanka’s youngest-ever Cabinet Minister

Ceylon Workers Congress (CWC) and Nuwara-Eliya district MP Jeevan Kumaravel T

TNA was Born in 2001 Due to Elections Shock of 2000

The Tamil National Alliance (TNA) with 10 seats in Parliament is currently fa

Pain and punishment

Should we spare the rod and spoil the child? Does it really happen? Children

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and