United Motors announces 10 for 1 share split

Monday, 24 November 2025 04:44 - - {{hitsCtrl.values.hits}}

United Motors Lanka PLC has announced a 10-for-1 share split, subject to regulatory and shareholder approval.

The decision was approved by the Board at its meeting on 21 November 2025.

The split will increase the company’s issued shares from 100.9 million to 1.009 billion, while the stated capital will remain unchanged. United Motors said the move is intended to improve market liquidity.

The company reported a net asset value per share of Rs. 147.52 at the group level as of end September 2025, up from Rs. 135.21 six months earlier.

RIL Property PLC is the majority shareholder at 51% followed by R. R. Takahashi at 11.66%. The share closed Friday down Rs. 7.50 to Rs. 295.50.