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Nation Lanka Finance decides against going ahead with private placement of shares but CSE remains robust
The Island
|September 30, 2025
Nation Lanka Finance said it would not proceed with its planned private placement of shares, which would have helped it to meet working capital requirements.
The company had received regulator approval for the private placement of 30 billion ordinary shares at 10 cents per share.
“NLF PLC wishes to now inform that the Company would not pursue with the said Private Placement of Shares, informed sources said.
Amid those developments the market performance was overall positive as investors were optimistic over the potential in emerging new economic policies.
The All Share Price Index went up by 86.14 points, while the S and P SL20 rose by 3.67 points. Turnover stood at Rs 4.2 billion with five crossings.
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