Renuka Holdings PLC’s rights issue concluded on Wednesday (16 December) raising 1.082 billion, higher than the required 1.03 billion for complete subscription of the offer signaling strong investor confidence.

This Rights Issue was carried out via online channels facilitated by the Colombo Stock Exchange. The managers to the rights issue were Capital Alliance Partners Ltd, while the registrars were the Central Depository System.

The proceeds of the Rights Issue will enable strengthening of the group’s balance sheet and also to fund future investments. As at 31^st March 2020 the group turnover was approximately Rs. 8 billion and total equity stood at Rs. 9.7 billion

Renuka Holdings PLC (also known as the Renuka Group) is a diversified organisation listed on the Colombo Stock Exchange and is the parent company for subsidiaries engaged in Agri Food Exports, Organic Plantations, FMCG, Dairy, Property & Investment, tracing its roots to the year 1866.

Among the listed subsidiaries are Renuka Foods PLC, Renuka Agri Foods PLC and Renuka Capital PLC while notable unlisted group companies are Renuka Enterprises (Pvt) Ltd, Renuka Agri Organics Ltd, Renuka Teas Ceylon (Pvt) Ltd, Kandy Plantations Ltd, Shaw Wallace Ceylon Ltd, Richlife Dairies Ltd, Shaw Wallace & Hedges Ltd and Galle Face Properties Ltd.

The directors of the company are Mrs. I.R. Rajiyah, Dr. S.R. Rajiyah, Mr. S.V. Rajiyah, Mr. L.M. Abeywickrama, Mr. S. Dominic, Mr. T.K. Bandaranayake, Mr. J.M. Swaminathan, Mrs. A.L. Rajiyah, Mr. V. Sanmugam and Mrs. J. J. B. A. Rajiyah.

Photo Caption: Mr. S. V. Rajiyah - Managing Director