FINANCIAL CHRONICLE – HNB Finance, a financial institution in Sri Lanka, intends to secure 2,499,529,714 rupees through a rights issue, offering investors the opportunity to acquire two additional shares for every nine they currently own.

The rights issue will consist of two types of shares: for every nine existing ordinary voting shares, shareholders can purchase two new ordinary voting shares at a price of 5.50 rupees each. Additionally, for every nine existing ordinary non-voting shares held, investors can buy two new ordinary non-voting shares at a price of 5 rupees each.

In total, the company plans to issue 381,667,019 new ordinary voting shares along with 80,072,222 ordinary non-voting shares, as disclosed in a filing with the stock exchange.

The proceeds from this issue are earmarked for enhancing the company’s Capital Adequacy Ratio and for expanding its lending activities, according to the company.

This rights issue has already received approval from the central bank and is now awaiting the necessary clearances from the Colombo Stock Exchange and the company’s shareholders. (Colombo/Apr 10/2026)