š HNB Finance Rights Issue Over-Subscribed, Attracts Rs. 4.57 Bn
⢠Overall Figures: HNB Finance PLC's proposed Rights Issue to raise Rs. 2.50 Bn has been heavily over-subscribed, attracting applications worth Rs. 4.57 Bn (prior to cheque clearance). ⢠Sector Breakdown: ⢠Ordinary Voting Shares: Subscriptions and additional applications reached 738.37 Mn shares, valued at Rs. 4.06 Bn (offered at Rs. 5.50 each). ⢠Ordinary Non-Voting Shares: Subscriptions and additional applications amounted to 102.23 Mn shares, valued at Rs. 511.16 Mn (offered at Rs. 5.00 each). ⢠Key Context: The over-subscription highlights robust investor interest in the banking & finance sector, driven by strong demand for both voting and non-voting equity segments. Figures include applications for additional shares and are based on provisional data prior to the realization of cheques.