📈 Softlogic Finance Plans Rs1.002 Bn Rights Issue to Boost Capital & Vehicle Financing

• Capital Raising: Non-bank financial institution Softlogic Finance PLC (CRL) announced plans to raise Rs 1.002 Bn via a rights issue of 5 new ordinary voting shares for every 12 existing shares. • Issue Details: The company will issue 401,072,162 new ordinary voting shares at Rs 2.50 per share. • Current Capital Structure: Softlogic Finance currently holds 962,573,191 ordinary voting shares in issue, backed by a stated capital of Rs 2.32 Bn. • Strategic Purpose: Proceeds will be utilized to strengthen Tier 1 Capital and expand the company's lending portfolio, focusing specifically on vehicle financing. • Approval Status: The proposed issue remains subject to regulator and shareholder approvals.