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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