The scene was as quaint and classy as Otara herself, when at a press conference held at Cinnamon Grand, Otara and her team officially announced ODEL’s initial Public Offering. Sri Lankans everywhere have patiently waited for this moment, since plans were first announced early this month.
Upendra delivering the welcome speech
Otara has expressed how happy she is to share her dream with the public and the press conference theme was aptly titled “Be part of our mind, body and soul”. This really is a unique opportunity for Lankans everywhere to have their own slice of ODEL’s immense success. The hype is already at its peak with fans getting ready to buy up their own sum of shares. The issue is made up of 16.7 million shares at Rs 15 per share. Applications and prospectus will be available on www.cse.lk and www.odel.lk. To make things easier the team has set up a special hotline during office hours for any IPO related inquiry. The hotline number is 0777 362665. This is once again a major stepping stone for the lifestyle store and its brainchild Otara, but the uniqueness lies in the involvement of the public from start to finish. Otara is proud of the store’s achievements and success up to date, and prouder still that she can really share that success with this initial offering
