Lankem Ceylon PLC Rights Issue Oversubscribed š
⢠Lankem Ceylon PLC successfully concluded its 1:3 Rights Issue, attracting strong investor interest and resulting in oversubscription. ⢠Target vs. Actual: The issue, which aimed to raise Rs. 1.2 Billion, received applications worth over Rs. 1.36 Billion (subject to final verification). ⢠Issue Details: Over 17.1 million shares were offered to shareholders at an issue price of Rs. 70 per share. ⢠Financials: Net Asset Value (NAV) per share stood at Rs. 64.73 as of end-September 2025, declining from Rs. 70.80 in the preceding March quarter. ⢠Market Note: The share closed at Rs. 89.10 on the day prior to the announcement.
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