Amãna Takaful PLC (COSE:ATL.N0000) announced a private placement of 66,666,667 unlisted unrated unsecured redeemable convertible debentures for LKR 4.5 per debenture for gross proceeds of LKR 300,000,001.5 on July 31, 2020. The debentures are being issued at par value with a tenure of five years till 2025 with a conversion time after two years from the date of issue at a conversion price of LKR 4.5 per share into 66,666,667 common shares. The transaction is subject to approval from the Securities and Exchange Commission of Sri Lanka and approval of shareholders of the company.