Vallibel Finance has successfully raised more than Rs. 2.1 billion through an oversubscribed Rights Issue, signalling strong investor confidence in the company’s long-term strategy, governance standards, and growth trajectory.
The Rights Issue involved the offering of 29.4 million new ordinary voting shares at Rs. 72 each to existing shareholders on the basis of one new share for every eight shares held. The successful capital raising initiative is expected to strengthen the company’s Tier I capital base, enhance lending capacity, and improve resilience amid evolving market conditions.
Re-launched in 2007 under the leadership of Chairman Dhammika Perera and Managing Director Jayantha Rangamuwa, Vallibel Finance has rapidly emerged as one of Sri Lanka’s leading finance companies. The institution also became the fastest finance company in the country to surpass Rs. 100 billion in assets within 17 years.
Commenting on the achievement, Rangamuwa said the overwhelming response reflects investor trust and the company’s commitment to sustainable growth and financial empowerment.
Vallibel Finance currently holds an “A-” (LRA) credit rating and an “A” brand rating, reinforcing its reputation for financial stability, prudent risk management, and sound governance. The strengthened capital position is expected to support future expansion opportunities across Sri Lanka’s financial services sector.
