Sri Lanka’s Mercantile Investments and Finance is set to raise 1,102,200,000 rupees through a rights issue, offering one new ordinary share for every 18 existing shares. According to a stock exchange filing, the company will issue 33,400,000 new ordinary voting shares, priced at 33 rupees each.
The funds raised are intended to strengthen the company’s capital base and improve its Capital Adequacy Ratios. This move aligns with the projected business expansion and ensures compliance with regulatory capital requirements.
The rights issue has received approval from the central bank and is currently awaiting approval from the Colombo Stock Exchange (CSE) and shareholders.
(Colombo/Feb12/2026)
