📈 Vallibel Finance Raises Rs. 2.1 Bn via Oversubscribed Rights Issue

Vallibel Finance has successfully strengthened its capital base, raising over Rs. 2.1 billion through a Rights Issue that was significantly oversubscribed by shareholders. • Capital Raising Details: The company issued 29.43 million new ordinary voting shares at Rs. 72 per share (1:8 ratio). The oversubscription signals high investor confidence in the company’s strategic direction under the leadership of Chairman Dhammika Perera. • Strategic Impact: The funds will primarily bolster Tier I capital and regulatory buffers. This enhancement is designed to: Increase lending capacity. Improve resilience against market volatility. Support the next phase of expansion within the financial services sector. • Performance Milestones: Vallibel Finance recently became the fastest local institution to surpass Rs. 100 billion in assets (within 17 years). It currently maintains an "A-" (LRA) credit rating and an "A" brand rating. • Economic Role: As one of Sri Lanka’s top five finance companies, this capital infusion supports national financial empowerment and credit growth, critical for SMEs and the broader recovery of the financial sector. _Data based on company disclosure (May 06, 2026)._