Vallibel Finance locks in capital to power next phase of growth

Vallibel Finance has successfully raised over Rs. 2.1 billion through its Rights Issue, which was oversubscribed, reflecting strong investor confidence in the company’s strategic direction and long-term growth prospects.

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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's capital enhancement initiatives.

This capital raising exercise was strategically undertaken to strengthen Vallibel Finance's Tier | 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’s regulatory capital buffers, improve lending capacity, and reinforce its resilience in a dynamic operating environment.