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CIFL to trade from tomorrow

Aug 16, 2011 2:30:57 PM - www.ft.lk

Central Investment and Finance Ltd., (CIFL) will see 83.4 million of its shares hit the boards tomorrow following its recent Rs.400 mn Initial Public Offering.

The Company managed to get its IPO oversubscribed marginally midst tough market conditions.

The shares priced at Rs.10 is forecasted to reach Rs.13.30 at the end of the Financial Year 2012 and Rs.16.20 at FY 2013 according to Lanka Securities, a 32.5 per cent gain.