Vallibel Finance has successfully raised over Rs. 2.1 billion through its Rights Issue, which was oversubscribed, reflecting strong investor confidence in the company\u2019s strategic direction and long-term growth prospects.<\/p>\n\n\n\n
The Rights Issue, which involved the issuance of 29,431,675 new ordinary voting shares at Rs. 72 each, was offered to existing shareholders in the proportion of one new share for every eight shares held. The oversubscription reflects the continued trust and commitment of shareholders in supporting the company\u2019s capital enhancement initiatives.<\/p>\n\n\n\n
<\/p>\n\n\n\n
This capital raising exercise was strategically undertaken to strengthen Vallibel Finance\u2019s Tier I capital, further solidifying its financial foundation and enhancing its capacity for future expansion. The successful completion of the Rights Issue is expected to bolster the company\u2019s regulatory capital buffers, improve lending capacity, and reinforce its resilience in a dynamic operating environment. Vallibel Finance, re-launched in 2007 under the leadership of Chairman Dhammika Perera and Managing Director Jayantha Rangamuwa, has demonstrated a strong growth trajectory, emerging as one of Sri Lanka\u2019s top five finance companies within a relatively short period. The company\u2019s ability to attract full subscription for its Rights Issue highlights market confidence in its governance standards, operational performance, and forward-looking strategy.<\/p>\n\n\n\n
The strengthened capital base will support Vallibel Finance\u2019s expansion and enable it to seize emerging opportunities in Sri Lanka\u2019s financial sector. With a diversified product portfolio and prudent risk management, the company remains focused on delivering sustainable value. It also became the fastest institution to surpass Rs. 100 billion in assets within 17 years, earning multiple international accolades, including \u201cBest Finance Company\u201d for consecutive years.<\/p>\n\n\n\n
Jayantha Rangamuwa, Managing Director stated that the Company was encouraged by the overwhelming response to its Rights Issue, which was oversubscribed, reflecting strong investor confidence. He noted that Vallibel Finance has long played a pivotal role in supporting Sri Lankans and contributing to the nation\u2019s financial empowerment.<\/p>\n\n\n\n
He added that the successful Rights Issue marks a significant step forward in strengthening the Company\u2019s commitment to growth. Expressing appreciation to investors for their trust, Rangamuwa emphasized that the Company remains focused on executing its strategic priorities, reinforcing its capital base, and delivering sustainable, long-term value to all stakeholders.<\/p>\n\n\n\n
Source : Daily News <\/p>\n","protected":false},"excerpt":{"rendered":"
Vallibel Finance has successfully raised over Rs. 2.1 billion through its Rights Issue, which was oversubscribed, reflecting strong investor confidence in the company\u2019s strategic direction and long-term growth prospects. The Rights Issue, which involved the issuance of 29,431,675 new ordinary […]<\/p>\n","protected":false},"author":2,"featured_media":16253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/16252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16252"}],"version-history":[{"count":1,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/16252\/revisions"}],"predecessor-version":[{"id":16254,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/16252\/revisions\/16254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/media\/16253"}],"wp:attachment":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}