ECONOMYNEXT – Sri Lanka’s Hayleys Plc is looking to raise 9 billion rupees through a rights issue of 3 new ordinary voting shares for every 50 existing ordinary voting shares.
The shares will be priced at 200 rupees each, the company said in a stock exchange filing.
Hayleys said it will issue 45,000,000 ordinary voting shares.
“The purpose for which the proceeds of the issue are to be utilized is for new investments and to fund part settlement of debt.”
The issue is subject to CSE and shareholder approvals. (Colombo/Jan22/2026)
