Ambeon Capital has partnered with two Indian firms to establish collaborative investment desks in Colombo and Chennai, creating a structured platform to facilitate cross-border investment between Sri Lanka and India.
Ambeon Capital targets stronger India-Sri Lanka investment flows
The initiative is also expected to support the launch of a dedicated Sri Lanka-focused fund, providing investors with a structured channel to access listed and private companies while strengthening deal flow and investment links between the two markets.
Ambeon Capital PLC said it has signed a Memorandum of Understanding with Sincere Syndication and Corporate Services LLP and Avyukthi Consulting and Advisory Services LLP to establish the two investment desks.
The arrangement is designed to facilitate capital flows across a range of investment areas, including listed equities, private equity and credit, real estate and fixed income. The partnership will also support mergers and acquisitions, strategic business partnerships and other cross-border transactions.
The proposed desks are expected to function as dedicated points of contact for deal origination, preliminary screening, research coordination and investor introductions. They will also provide opportunities for co-investment and referrals, potentially allowing investors and companies to access opportunities that would otherwise be more difficult to identify and evaluate across the two markets.
The Colombo desk will be hosted by Ambeon Capital or an affiliated entity. Its primary focus will be facilitating investments into India and other mutually agreed markets, while also originating investment opportunities in Sri Lanka.
The Chennai desk will be hosted by Sincere Syndication, with Avyukthi providing specialist support covering tax, regulatory requirements, transaction structuring, due diligence and other transaction-related services.
The partnership is being developed alongside plans for a dedicated Sri Lanka fund focused on Sri Lankan companies. The fund is being structured in partnership with Sincere Syndication’s Bharat Transformation Fund, which serves as the firm’s flagship pre-IPO and early post-IPO investment vehicle.
The Bharat Transformation Fund targets Indian businesses viewed as having transformative potential, with a focus on sectors aligned with national growth priorities. These include advanced manufacturing, defence and aerospace, deep technology, specialty healthcare and medical devices.
The proposed Sri Lanka fund is intended to create a structured route for capital to reach both listed and private Sri Lankan companies. The partners expect the vehicle to benefit from complementary deal flow, research capabilities and investor networks operating across India and Sri Lanka.
Ambeon Capital Group CEO Dr. Sajeeva Narangoda said the partnership would create a practical connection between two complementary markets. He said combining Ambeon’s local presence and deal flow with Sincere Syndication’s investor network and Avyukthi’s structuring expertise could improve the movement of capital and investment ideas in both directions.
Sincere Syndication CEO Sivaramakrishnan R. said Indian capital is increasingly looking beyond the domestic market for growth opportunities. He described Sri Lanka as a neighbouring market with improving fundamentals and said the proposed Sri Lanka vehicle could provide clients with a structured way to gain exposure to listed and private companies.
Avyukthi Consulting and Advisory Services LLP’s Ramesh R. highlighted the importance of addressing the specific tax, regulatory and structuring requirements associated with cross-border transactions between the two countries. The firm’s role is intended to help streamline these processes and support transactions from initial discussions through to execution.
The initiative comes as Sri Lanka’s capital markets continue to recover and interest in regional and near-shore investment opportunities develops. For investors, access to reliable local information, transaction expertise and established networks can be particularly important when assessing opportunities in another jurisdiction.
The establishment of dedicated investment desks could therefore provide a more systematic mechanism for identifying and progressing opportunities between the two countries. Institutional investors, family offices and high-net-worth investors could potentially benefit from a clearer channel for accessing investment opportunities, subject to their individual investment strategies and applicable regulatory requirements.
For Sri Lankan companies, stronger links with Indian investors could also broaden access to capital and strategic partnerships. Depending on how the initiative develops, the platform could support equity investments, private transactions, corporate partnerships and other forms of capital participation.
The partnership also reflects the broader potential for closer economic and investment ties between India and Sri Lanka. By combining local market knowledge with cross-border investor networks and transaction-support capabilities, the parties aim to reduce friction in investment flows and improve the exchange of information between businesses and investors.
For Ambeon Capital, the initiative represents an expansion of its role in facilitating investment opportunities beyond the domestic market. The success of the proposed desks and Sri Lanka-focused fund will ultimately depend on the quality of opportunities identified, investor participation, transaction execution and the broader regulatory and market environment.
The planned structure nevertheless provides a new channel through which Indian and Sri Lankan investors can explore opportunities across the Palk Strait, while giving companies on both sides greater access to investment networks and potential strategic partners.