From Dailymirror.lk: The Board of Directors of Amana Takaful PLC have opted to go for a Rs.750 million rights issue offering 500,000,360 new shares, subject to shareholder and regulator approval. The proportion in which shares are issued will be one share for every one existing share.
The proceeds from the rights issue is to be utilized for increased capital requirements by the regulator under its proposed capital plan and for future expansion strategies……………………………………….Full Article: Source