📈 Printcare to Raise Rs700 Mn via Rights Issue

Sri Lanka’s printing & packaging provider Printcare plans to raise Rs 700 Mn to support business operations and drive growth. • Capital Raising: Offering 23,333,810 ordinary voting shares through a rights issue. • Ratio & Pricing: 19 new ordinary voting shares for every 70 existing shares held, priced at Rs 30.00 per share. • Financial Details: Total consideration amounts to Rs 700,014,300, relative to the company's existing stated capital of Rs 271,893,021. • Capital Allocation: Raised funds will be directed toward strategic investment and working capital needs. • Market Reaction: Shares traded down 5% to Rs 38.00 following the announcement.