Softlogic Capital goes for Rs. 1.9 b Rights

Softlogic Capital Ltd. yesterday announced the raising of Rs. 1.9 billion via a 10 for one rights issue at Rs. 7 each.

Funds raised will be used to partially retire outstanding debt of Rs. 2.3 billion taken for recent investments.

The Rights issue is subject to shareholder and regulatory approval. Softlogical Capital has 27.2 million shares in issue at present.