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Sheron
Sheron
Apr 10 2026
90Sri Lanka’s HNB Finance plans to raise 2,499,529,714 rupees through a rights issue offering 2 new shares for every 9.
Two new ordinary voting shares will be offered for every 9 existing ordinary voting shares held at 5.50 rupees each, and 2 new ordinary non-voting shares for every 9 existing ordinary non-voting shares at 5 rupees each.
381,667,019 new ordinary voting shares and 80,072,222 ordinary non-voting shares will be issued, the company said in a stock exchange filing.
The funds are to be used to improve the Capital Adequacy Ratio of the Company, and for lending purposes, the company said.
The issue has received central bank approval, and is pending CSE and shareholder approval.
source: Economy Next
