LOLC General Insurance IPO opens on 16th December

CEYLON TODAY | Published: 2:00 AM Dec 9 2021

LOLC General Insurance Limited has announced an Initial Public Offering (IPO) which will open on 16 December 2021. 120,000,000 shares held by LOLC Asset Holdings Limited will be offered for sale at a price of LKR7.90 per share. The offer size will amount to LKR948,000,000. Post IPO LOLC Group Companies; LOLC Asset Holdings Limited will have a shareholding of 63.75% and LOLC Financial Sector Holdings (Pvt) Ltd will have a shareholding of 26.25%. LOLC General Insurance Limited is one of the fastest growing General Insurance Companies in Sri Lanka. The Company has been operating in the insurance industry for over 10 years and has established itself as a key player within the industry.

CEYLON TODAY | Published: 2:00 AM Dec 9 2021

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