Vidullanka’s pioneering Rs. 500 m Sukuk issue snapped up on opening day itself

Wednesday, 18 June 2025 00:33 - - {{hitsCtrl.values.hits}}

Vidullanka PLC yesterday announced that its issuance of five million Listed, Rated, Secured, Redeemable Sukuk, each priced at Rs. 100, has been fully subscribed on the day of opening, 17 June.

The company said it received applications exceeding the Rs. 500 million target, indicating strong investor demand.

In accordance with the Prospectus, the subscription list closed at 4:30 p.m. on the same day. All valid applications received before the cut-off time will be accepted.

It said the basis of allotment will be disclosed to the Colombo Stock Exchange in due course.

It was Sri Lanka’s first listed Sukuk, a Shariah-compliant debt instrument, signalling a bold step towards ethical investing and capital market diversification.

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