Digital Mobility Solutions Lanka Limited, the operator of Sri Lanka’s popular PickMe ride-hailing app, is set to go public, according to an announcement by the Colombo Stock Exchange (CSE). The initial public offering (IPO) will involve the sale of 43.34 million shares by existing shareholders at a price of 36 rupees per share, aiming to
Sri Lanka’s National Development Bank Plc (NDB) has announced plans to raise up to 10 billion rupees through a debenture issue. The bank will offer Basel III-compliant, Tier 2 listed, rated, unsecured, subordinated, redeemable debentures with a non-viability conversion at 100 rupees each. Initially, 50 million of these 5-year debentures will be issued, with the
On Monday, the Sri Lankan rupee appreciated, opening at 298.80/299.10 against the US dollar, according to market dealers. This marks a strengthening from its previous close of 299.20/60 on Friday. In the bond market, longer-tenor bonds saw a rise in yields. Notably, the bond maturing on 15th December 2026 was quoted at 11.00/05 percent, a
Sri Lanka’s LTL Holdings is set to raise up to Rs. 20 billion through an initial public offering (IPO), subject to regulatory approvals, in what could become the largest IPO in the history of the Colombo Stock Exchange (CSE). The company, an affiliate of the Ceylon Electricity Board, initially focused on manufacturing transformers but later
Hatton National Bank (HNB) has received approval from its Board of Directors to initiate discussions regarding the acquisition of Bank Al-Falah’s Bangladesh operations. In a filing to the Colombo Stock Exchange (CSE), HNB confirmed that its board has also given the green light to issue a non-binding offer. This offer is subject to the completion
The Colombo Stock Exchange (CSE) and South Eastern University of Sri Lanka (SEUSL) have formalized a partnership through a Memorandum of Understanding (MoU) to enhance the financial literacy of SEUSL undergraduates. The agreement was exchanged last Friday at the SEUSL premises in Oluvil. This initiative is part of CSE’s broader effort to improve financial literacy
Sri Lanka’s rupee opened weaker on Wednesday, trading at 299.80/300.20 against the US dollar, according to market dealers. The rupee had closed at 299.60/300.00 on Tuesday following a three-day weekend. Bond yields remained steady with a bond maturing on 15.12.2026 quoted at 11.10/20 percent, up slightly from 11.05/20 percent. Bonds maturing on 01.07.2028 and 15.06.2029
On Monday, Sri Lanka’s rupee opened at 298.90/299.10 against the US dollar, slightly stronger than Friday’s close of 299.00/10. Bond yields remained steady, with minimal activity ahead of the upcoming treasury bill auction on August 21. A bond maturing on June 15, 2029, was quoted stable at 12.90/13.00 percent, while a bond maturing on May
Cable Solutions Limited (CODE: CSLK-N-0000) successfully commenced trading on the Colombo Stock Exchange (CSE) on August 14, 2024. The company marked this milestone with a special Bell Ringing Ceremony, celebrating its transition to a publicly listed company. The company’s Initial Public Offering (IPO) featured over 80 million ordinary voting shares, priced at Rs. 7.50 per
Sri Lanka’s rupee opened stronger on Friday at 298.50/60 against the US dollar, improving from the previous day’s close of 298.95/299.05, according to dealers. Bond yields showed a slight decrease, while the stock market saw a positive opening. In the secondary market, treasury bond yields were mixed: In the equities market, Colombo’s All Share Price