Asia Asset Finance Rs. 1.5 b Rights oversubscribed

Wednesday, 2 September 2026 00:00 - - {{hitsCtrl.values.hits}}

Asia Asset Finance PLC said yesterday its Rs. 1.5 billion Rights Issue has been oversubscribed.

The Rights Issue was 45.16 million ordinary voting shares at Rs. 33.30 per share.

Applications for provisional shares allocated were 44.582 million shares and applications for additional shares were 13.597 million shares.

Total applications received were for 58.179 million shares inclusive of additional 13.017 million shares reflecting an oversubscription of Rs. 433.5 million in value.

The Company’s share price closed at Rs. 47.90, down by 10 cents. Net assets per share as at 30 June 2026 was Rs. 41.89.

Asia Asset Finance in the quarter ended 30 June 2026 reported a Profit Before Tax of Rs. 877.9 million, up 197.8% year-on-year, and a Profit After Tax of Rs. 429.4 million, up 137.0% year-on-year. Total Assets grew 12.3% to Rs.60.42 billion while the Loan Portfolio expanded by Rs. 3.51 billion to Rs. 50.51 billion.

Muthoot Finance Ltd., holds 73% stake in Asia Asset Finance and the public float is 26.55% held by 3,188 shareholders as at 30 June 2026.