
CAL launches Rs.1.58bn IPO eyeing frontier market expansions
Kanishke Mannakkara Dinesh Ajith De Zoysa PIX BY KITHSIRI DE MEL Offers 7.6% stake, at Rs.10 per share Nearly half of IPO proceeds to be utilised to fund Kenya expansion Eyes two other frontiers with a minimum of US $ 100bn GDP By Nishel Fernando …