ODEL raises Rs 5.4 bn loan | Daily News

ODEL raises Rs 5.4 bn loan

ODEL PlC in a Stock Market Filing said that it had come to an agreement with three banks to raise Rs. 5.4 billion.

This is towards funding the building of their proposed Mall ajoining the ODEL in Colombo 7. Hatton National Bank, Sampath Bank and the Bank of Ceylon had each committed Rs. 1.8 billion for the syndicated loan. The building will be constructed by Odel Properties One (Pvt) Ltd, a fully owned subsdiary of ODEL, the firm said in a stock exchange filing.


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