Laugfs Gas PLC (LGL) voting and non-voting shares has been transferred from Diri Savi Board to the main board of Colombo Stock Exchange with effective from 29th January 2014. In disclosure to public, Colombo Stock Exchange (CSE) said on Wednesday.
Company was initially listed via an IPO on 8th December 2010 on the Diri Savi Board of CSE. Laugfs Gas Limited (LGL), which began its business in a humble way in 2001 by entering into the LPG gas industry, that time offered 75 million voting shares at Rs. 23 each (raising Rs. 1.72 billion) and 52 million non voting shares at Rs. 15 each (raising Rs. 780 million) from IPO. Funds raised from IPO amounting to Rs. 2.5 billion were to be allotted to retire expensive debt, finance expansion and diversification.
