hSenid Business Solutions rings the bell to debut trading on CSE

The shares of hSenid Business Solutions Limited commenced trading on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Main Board of the CSE under the “Application Software” sector. The occasion was marked with a special bell ringing ceremony held at the CSE.

CEO of the CSE, Rajeeva Bandaranaike, speaking at the ceremony, congratulated hSenid Business Solutions on the success of the IPO and for the progressive step that the company has taken. “Today, is a special day because this is the first enterprise software company that is to list on the stock exchange. We are indeed happy that the stock exchange has been able to attract a technology company.”

Speaking at the event, Founder & Chairman of hSenid Business Solutions Limited Dinesh Saparamadu said,” It’s a historic day for hSenid group, as hSenid business solutions is the first company in the hSenid group to be listed in the Colombo Stock Exchange. It is also a historic moment for the IT industry in Sri Lanka. I am a strong believer that IT is the silver bullet for Sri Lanka, for us to have a double digit growth in the next 3-5 years. It is not a normal way as an economic size of $85 billion, IT industry today stands at about 1.7 billion. But our vision for SLASSCOM is to become a $5 billion industry by 2025.”