Renuka Holdings PLC is preparing for a Rights Issue to raise nearly Rs. 01 billion to be invested in its property development project at Kollupitiya in Colombo 3.

The company is to issue 44 million ordinary voting shares at Rs. 21 each and six million ordinary non-voting shares at Rs. 15 each.

These shares are to be issues in the ratio of one ordinary voting share for each existing ordinary voting share and one ordinary non-voting share for each existing ordinary non-voting share.