Business
Capital Alliance kicks off Virtual Investor Forum
Capital Alliance Limited (CALT), one of Sri Lanka’s non-bank primary dealers is pleased to announce the successful conclusion of its Virtual Investor Forum. The event was held to bring together investors from across a wide spectrum of disciplines, both foreign and local, to discuss CALT’s upcoming Initial Public Offering (IPO) scheduled for the 25th of November, 2021. Through this event, investors were able to meet and understand the Company’s management team and future growth strategies.
Institutional investors, high-net-worth individuals and retail investors alike, keenly participated at the Investor Forum, engaging in in-depth conversations with key stakeholders of CALT. As a part of the wider Capital Alliance Group (CAL), CALT is able to draw from the Group’s wealth of experience, having been in business for over two decades.
Discussing the successful conclusion of the Investor Forum, Ajith Fernando, Chief Executive Officer of the CAL Group said, “We’re pleased to have been able to convincingly present our case to investors and discuss the value that CALT brings to the table. Wide-ranging questions were raised during the session, which we were able to answer satisfactorily, leaving potential investors in no doubt of our position and goals for the future. As we get nearer to the opening date for the IPO, we take this opportunity to reaffirm our commitment to our prospective investors, clients, and all other stakeholders. We look forward to the next chapter of our growth story, as a publicly listed company.”
Capital Alliance Limited will offer 41,177,236 shares to the public (for a 12.5% stake) at an IPO price of LKR 10.00 per share. The Issue will raise LKR 411,772,360 which will be channelled towards strengthening the core capital of the Capital, thus allowing it to expand its investments into specific instruments which will generate returns to its shareholders.
Established in the year 2000, CALT began its journey as a Debt Securities Dealer and eventually was appointed as a Primary Dealer by the CBSL. CALT is a constituent of the larger Capital Alliance Group (CAL) and forms the Securities Trading arm of the Group, dealing in a wide array of instruments such as Government Securities and Corporate Debt Securities. CALT will be the first standalone Primary Dealer to list their equity shares on the CSE. The CAL Group has become one of the leading Investment Banks in Sri Lanka, offering Equity and Debt Advisory, Stockbroking, Fund Management, Private Equity and Securities Research services to a wide clientele.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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