Hayleys PLC has announced that its recently concluded Rights Issue has been oversubscribed, attracting subscriptions exceeding Rs. 11.05 billion, signalling strong investor confidence in the group’s long-term growth strategy.
The company initially sought to raise Rs. 9 billion through the issuance of 45 million ordinary voting shares priced at Rs. 200 each, as announced on 21 January 2026. However, total demand surpassed expectations, with subscriptions, including applications for additional shares, reaching 55,243,312 shares. This represents a total value of Rs. 11,048,662,400.
The oversubscription reflects heightened investor appetite and confidence in Hayleys’ diversified business portfolio and market positioning. The company noted that the final allotment remains subject to the realisation of payments, bank confirmations, and standard verification processes.
Market analysts view the successful Rights Issue as a positive signal for Sri Lanka’s equity capital markets, highlighting improving investor sentiment despite ongoing economic challenges. The capital raised is expected to support Hayleys’ expansion initiatives, strengthen its balance sheet, and enhance operational resilience.
The development underscores the growing importance of capital market instruments in enabling large corporates to secure funding while offering shareholders opportunities to participate in value creation.
