Hemas completes Rights Issue

Hemas Holdings PLC has successfully completed its Rights Issue raising Rs 4.1 billion of capital to finance its expansion plans in health and personal care. The majority of the capital was raised from the world's leading institutional investors.

Group CEO Steven Enderby said, "We are working hard to achieve our vision of being the best at enriching lives through our activities in healthcare, personal care, leisure and transportation."

"We have made a number of key strategic moves recently through the acquisition of JL Morison which has enhanced our presence in pharmaceuticals, the development of our personal care business in Bangladesh and the opening of our third hospital, while divesting our shares in power," he said.

"It is important for us to have the capital base to continue this growth trajectory while becoming increasingly focused on our strong presence in healthcare and personal care. We thank our shareholders for the confidence placed in our business," Enderby said.