FINANCIAL CHRONICLE – HNB Finance, based in Sri Lanka, is set to generate 2,499,529,714 rupees through a rights issue that will allow shareholders to acquire new shares. Specifically, the company is offering two new ordinary voting shares for every nine existing ordinary voting shares, priced at 5.50 rupees each. Additionally, for every nine existing ordinary non-voting shares, investors can obtain two new ordinary non-voting shares at a cost of 5 rupees each.
According to a recent announcement made via a stock exchange filing, the rights issue will result in the issuance of 381,667,019 new ordinary voting shares alongside 80,072,222 ordinary non-voting shares. The capital raised through this initiative is intended to enhance the company’s Capital Adequacy Ratio and support its lending activities.
This rights issue has already received approval from the central bank and is now awaiting clearance from the Colombo Stock Exchange as well as the endorsement of its shareholders. (Colombo/Apr10/2026)
