Vallibel Finance to Raise Rs. 2.12 Bn via Rights Issue 📈

Vallibel Finance PLC has announced a Rights Issue to raise approximately Rs. 2.12 billion, aimed at bolstering its Tier I capital and funding strategic business expansion. • Issue Details: The company will issue 29,431,675 new ordinary voting shares at a price of Rs. 72 per share. • Entitlement Ratio: Shares are offered on a basis of one (1) new share for every eight (8) existing shares held. • Objectives: Proceeds will be utilized to maintain compliance with Central Bank of Sri Lanka (CBSL) capital adequacy requirements and support growth within the financial services sector. • Regulatory Status: The proposal received CBSL approval on January 16, 2026. • Current Financials: The company’s stated capital exceeds Rs. 1.3 billion, with net assets reported at Rs. 68.72 per share (as of Sept 2025). • Ownership: Major stakeholders include Vallibel Investments Ltd (51.44%) and Dhammika Perera (21.43%), with a public float of 21.27%. The move signals a proactive step in strengthening the firm's balance sheet amidst evolving regulatory standards for licensed finance companies.