Sri Lankaâ€™s Dialog Finance rights issue to raise Rs764mn
ECONOMYNEXT – Sri Lanka’s Dialog Finance is seeking to raise 764mn million rupees through a rights issue of shares at 40 rupees each with the aim of strengthening core capital.
It said in a stock exchange filing that it will issue 19 million ordinary voting shares in the proportion of 32 new shares for every 121 existing ones.
The aim of the rights issue is to meet central bank minimum requirements for core capital, the statement said.
The firm is the finance company of Dialog Axiata, the dominant mobile phone operator.