Sri Lanka, Nov. 19 -- Senkadagala Finance PLC has announced a rights issue to raise approximately Rs. 1.03 billion to support its projected business growth and expand its loan portfolio.
The capital infusion is also intended to strengthen the company's capital base and maintain prudent levels of capital adequacy as it pursues medium-term strategic objectives.
The Board of Directors resolved on October 30, 2025, to issue 4,313,992 new Ordinary Voting Shares. The shares will be issued in the proportion of one new share for every twenty existing shares held by shareholders. The issue is priced at Rs. 240.00 per share.
In its filing with the Colombo Stock Exchange, the company noted that the proceeds will be utilised to expand the loan book...