Monday Jan 19, 2026
Monday Jan 19, 2026
Monday, 19 January 2026 05:07 - - {{hitsCtrl.values.hits}}
Vallibel Finance PLC has announced plans to raise approximately Rs. 2.12 billion through a Rights Issue of new ordinary voting shares, as the licenced finance company moves to strengthen its Tier I capital base in line with regulatory requirements and its expansion plans.
Vallibel Finance said its Board of Directors resolved on 9 January to increase the company’s stated capital via a Rights Issue of 29,431,675 new ordinary voting shares, priced at Rs. 72 per share.
The Rights Issue will be offered on the basis of one new ordinary voting share for every eight existing ordinary voting shares held by shareholders on the date of entitlement.
The company’s current stated capital stands at over Rs. 1.3 billion.
Vallibel Finance said the proceeds of the issue will be used to strengthen its Tier I capital base in line with business expansion, while ensuring continued compliance with capital adequacy requirements stipulated by the Central Bank of Sri Lanka (CBSL).
The company said the proposed Rights Issue has received approval from the CBSL by a letter dated 16 January 2026.
Vallibel Finance shares closed Friday Rs. 0.50 lower at Rs. 105.50. The company reported net assets of Rs. 68.72 a share as of end-September 2025. Vallibel Investments Ltd., was the top shareholder with a 51.44% stake, followed by Dhammika Perera with 21.43%. The public shareholding was 21.27%.
