Sun, 05 Dec 2021 Today's Paper

People’s Insurance Rs.750mn IPO oversubscribed

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


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.

  Comments - 0

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

A Sri Lankan giving dignified burials to unclaimed bodies for five decades

After their death, most people are memorialized at a service, surrounded by g

Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter