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Cargills Bank goes public

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The Colombo Stock Exchange (CSE) has approved, in-principle, an Application submitted by the Cargills Bank Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription on either the Main Board or Diri Savi Board of the CSE.

The company plans to issue 62.5 million Ordinary Voting Shares at a price of Rs. 8/- per share. Accordingly Rs. 500 million is planned to be raised by the bank through this IPO.

The subscription list will be opened on 14th December 2023.

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Kottu, Fried Rice prices reduced

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The All Ceylon Restaurant Owners’ Association has decided to reduce prices of several food items, following the reduction in gas prices that was announced earlier today (May 03). 

Accordingly, the Association announced that the prices of Fried Rice and Koththu will be reduced by Rs. 20 while prices of shorteats will be reduced by Rs. 10.

However, prices of plain tea and milk tea are to remain unchanged, the Association adds.

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Laugfs Gas also slashes prices

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Laugfs Gas has also reduced its LP gas prices with effect from midnight today (May 03) following the price reduction by Litro Gas.

Accordingly, the price of a 12.5kg cylinder has been reduced by Rs.275 to Rs. 3,840 while the the price of a 5kg cylinder has been reduced by Rs.110 to Rs.1,542.

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Litro gas prices reduced

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Litro Gas Lanka has reduced the prices of domestic LP gas cylinders with effect from midnight today (May 03).

According to Chairman of Litro Gas Lanka – Muditha Peiris, the price of the 12.5 kg cylinder has been slashed by Rs. 175 to Rs. 3,940 while the price of the 5 kg cylinder has been reduced by Rs. 70 to Rs. 1,582. The price of the 2.3 kg cylinder has been reduced by Rs.32 to Rs.740.

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