📈 Asia Asset Finance Plans Rs. 1.5 Bn Rights Issue to Boost Capital

• Capital Raising Details: Asia Asset Finance PLC (AAF) plans to raise approximately Rs. 1.504 billion through a Rights Issue of 45.16 million new ordinary voting shares. Existing shareholders will be entitled to subscribe for 4 new shares for every 11 shares held, priced at Rs. 33.30 per share. • Current Capital Base: The company currently has 124.2 million ordinary voting shares in issue, representing a stated capital of Rs. 2.21 billion. The issue is subject to shareholder and Colombo Stock Exchange (CSE) approvals. • Strategic Objectives: The primary goal is to strengthen the company's Tier 1 capital base to meet Central Bank of Sri Lanka (CBSL) regulatory requirements. • Growth & Utilization: The fresh capital will cushion future business growth, allowing the licensed finance company—part of India’s Muthoot Group—to expand its business volumes over the next two months.