### SANASA Life Insurance to Raise Rs. 500 Mn 📈

SANASA Life Insurance Company PLC has announced a private placement to raise up to Rs. 500 million through a debenture issue. • Issue Details: The company will issue 5 million unrated, unlisted, unsecured, Tier II, redeemable, cumulative, subordinated debentures. • Regulatory Compliance: The issue has received approval from 75% of existing listed debenture holders. The Trustee for existing debentures granted concurrence on 26 March 2026. • Financial Impact: The company confirmed the proposed issue will not adversely affect the rights, security, or repayment capacity of existing listed debenture holders. • Market Context: This move aligns with the Securities and Exchange Commission’s approval letter dated 6 April 2026, marking a strategic step for the insurance sector to bolster its capital base.