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23 October, 2014 09:23 AM Source: Lanka Business Online - LBO

Oct 22, 2014 (LBO) – Sri Lanka’s Amãna Takaful Plc, a company consists of medical, family and general insurance business is to raise 400 million rupees by way of a rights issue, the company said in a stock exchange filing.

Subject to the necessary approvals, the company is to issue 500 million ordinary shares at 80 cents each in the ratio of one for two.

The proceeds will be utilized to fund its fully owned subsidiary Amãna Takaful Life Limited, the company further said.

Amãna Takaful has expanded its geographical foot-print through their 20 plus branch network in the island with 400 plus staff.

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