Hayleys PLC’s Rs. 9 billion rights issue has been oversubscribed, drawing total subscriptions of Rs. 11.05 billion, the diversified conglomerate said.
The company had sought to raise Rs. 9 billion by offering 45 million ordinary voting shares at Rs. 200 per share, as announced on 21 January 2026. Including applications for additional shares, final subscriptions came in at 55,243,312 shares — around 23% above the initial offering size — with a total value of Rs. 11,048,662,400.
“The Rights issue has been oversubscribed, reflecting demand beyond the initial offering,” Hayleys said, noting that the disclosure remains subject to realisation of cheques, bank confirmations and other verifications.
The strong reception signals investor appetite for blue-chip Sri Lankan corporates despite persistent headwinds from the Middle East energy crisis, Hormuz shipping disruption and pressure on the rupee. Hayleys operates across export, consumer, industrial, plantation and power segments, and is one of the CSE’s largest diversified holdings.
The rights issue adds to a string of capital-raising activity on the Colombo Stock Exchange this year as listed companies tap local investors while foreign holders continue to reduce positions amid frontier-market risk aversion.
