The shares of Lanka Credit and Business Finance Limited commenced trading on the Colombo Stock Exchange (CSE) last week.
The shares have been listed on the DiriSavi Board of the CSE under the ‘Diversified Financial Services - 4020’ sector. The occasion was marked with a Bell Ringing Ceremony hosted by the CSE.
The listing follows a successful Initial Public Offering(IPO) by the company, through which it raised over Rs. 500 Mn. The issue set a robust cornerstone with an oversubscription on the initial day of its offer itself.
Chairman Prof. W.M. Abeyrathne Bandara and CEO K.G. Leelananda represented Lanka Credit and Business Finance Limited.
The CSE was represented by Chief Executive Officer Rajeeva Bandaranaike and Chief Regulatory Officer Mr. Renuke Wijeyawardhane. Chief Executive Officer Darshan Perera and Chief Corporate Advisory Officer Nilendra Weerasinghe represented NDB Investment Bank Limited
CEO of the CSE, Rajeeva Bandaranaike said, “We are happy to welcome today an established company in the financial services sector, with a history touching almost 60 years next year, to our DiriSavi Board of the Stock Exchange. LCB Finance is the seventh equity listing on the CSE and becomes the 35th Issue to be listed during the course of 2021.”
Chairman of Lanka Credit and Business Finance, Prof. Abeyrathne Bandara said, “As we all know the listing process is not a simple one, it is a complex process which needs much support and contribution from different parties, at different stages. No company can successfully complete their listing without receiving all the support from different parties.”