FINANCIAL CHRONICLE – Sri Lanka’s LVL Energy Fund is planning to generate 507 million rupees through a rights issue. The offer will be structured at a ratio of 3 new ordinary voting shares for every 31 existing shares, aimed at settling outstanding debt.
In a stock exchange filing, the company stated, “To pay off the Company’s outstanding debts that had been recognized as due on the earliest possible date.”
The new shares will be priced at 7.50 rupees each, cumulatively raising a total of LKR 507,145,455. The company intends to issue 67,619,394 ordinary voting shares.
This rights issue will be subject to approvals from the Colombo Stock Exchange (CSE) and the shareholders. (Colombo/Jan28/2026)
