Sarvodaya Development Finance (SDF), the financial services arm of one of Sri Lanka’s oldest social movements, the Sarvodaya Shramadana Movement, conducted an Investor Forum recently.
The event followed SDF’s announcement of its Initial Public Offering (IPO) proposition that is scheduled for November 23, and acted as a way for investors and stakeholders to interact and have in-depth conversations about SDF’s commitment to creating equitable value for all stakeholders, with the ultimate goal of empowering individuals and enhancing livelihoods across the nation. Chief Executive Officer, Nilantha Jayanetti said, “Based on the feedback we received, we are confident that our IPO will receive wide-ranging interest from local and foreign investors. On behalf of the entire management team at Sarvodaya Development Finance, I encourage all those interested in being a catalyst in creating an economically progressive society to seize this opportunity and create equitable value for all stakeholders.”
Managed by NDB Investment Bank, Sarvodaya Development Finance will offer up to 45,454,546 ordinary voting shares at Rs. 22 per share. Offering the IPO enables investors to contribute to SDF’s work on developing villages, echoing the age-old Sarvodaya goal of working together to achieve societal benefits.