Softlogic Finance rights issue to raise over Rs 2 2 bn dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
Softlogic Finance to Raise over Rs. 2.2 Bn in Rights Issue
May, 13, 2021
Sights set on aggressive multifaceted business expansion
Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, is all set to launch a Rights Issue to raise over Rs. 2.2 billion in a bid to infuse fresh capital for business expansion with a focus on the company’s future growth. The rights issue will see Five (5) new Ordinary Shares issued for every Six (6) existing Ordinary Shares held by shareholders for Rs. 10/- per new share.
The infusion will strengthen the Company’s Tier 1 Capital, based on its forecasted Business Expansion Programme during the Financial Year 2021/2022. Further, it will be in compliance with the Capital Adequacy Requirements up to 1
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