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Raigam sees salty potential, announces Initial Public Offering

Mar 14, 2010 9:17:38 AM - thecolombotimes.com

The Kingdom of Raigam has come forward to explore the Sri Lankan salt industry (run as an oligopoly), announcing an Initial Public Offering (IPO) of 80mn ordinary voting shares worth Rs 200mn at Rs 2.50 per share through its subsidiary company Raigam Wayamba Salterns Ltd, beginning March 23.