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CDB raises Rs. 718 m via a fully subscribed Rights Issue

Aug 22, 2011 3:00:27 AM - www.ft.lk

Citizens Development Business Finance Plc said today its Rights Issue was fully subscribed recently raising Rs. 718.1 million.

This fresh capital infusion will substantially strengthen CDB’s balance sheet while permitting the company to add 14 new fully fledged branches in line with compliance requirements of Central Bank and will also support CDB’s rapidly expanding lease and loan book portfolios.

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