Ambeon Capital partners Indian firms to open India-Sri Lanka investment desks, launch dedicated fund

Ambeon Capital PLC yesterday said it has signed a Memorandum of Understanding with Sincere Syndication and Corporate Services LLP and Avyukthi Consulting and Advisory Services LLP to establish collaborative investment desks in Colombo and Chennai. 

The arrangement is designed to channel cross-border capital between Sri Lanka and India across listed equities, private equity and credit, real estate and fixed income, while also supporting mergers and acquisitions and business partnerships.

The parties intend the desks to act as dedicated points of contact for deal origination, preliminary screening, research coordination, investor introductions and co-investment or referral opportunities. 

The Colombo desk will be hosted by Ambeon (or an affiliate) with a primary focus on facilitating investment into India and other agreed markets, while also originating Sri Lankan opportunities. The Chennai desk will be hosted by Sincere Syndication, with Avyukthi providing tax, regulatory, structuring, diligence and transaction-support capabilities.

In parallel, Ambeon is working with the partners on the launch of a dedicated Sri Lanka fund focused on Sri Lankan companies, structured in partnership with Sincere Syndication’s Bharat Transformation Fund. 

The Bharat Transformation Fund is Sincere Syndication’s flagship pre-IPO and early post-IPO vehicle targeting transformative Indian businesses in sectors aligned with national growth priorities, including advanced manufacturing, defence and aerospace, deep technology, specialty healthcare and medical devices. 

The Sri Lanka fund is intended to create a structured channel for capital into listed and private Sri Lankan companies, leveraging complementary deal flow, research and investor networks on both sides of the Palk Strait.

Ambeon Capital Group CEO Dr. Sajeeva Narangoda said: “This partnership creates a practical bridge between two complementary markets. By combining Ambeon’s on-the-ground presence and deal flow in Sri Lanka with Sincere Syndication’s investor network and Avyukthi’s structuring capability, we can meaningfully improve the flow of capital and ideas in both directions.”

Sincere Syndication CEO Sivaramakrishnan R., said: “Indian capital is increasingly looking beyond domestic borders for growth opportunities. Sri Lanka offers an attractive neighborhood market with improving fundamentals. Pairing the expertise behind our Bharat Transformation Fund with a dedicated Sri Lanka vehicle allows us to serve clients seeking exposure to the island’s listed and private companies through a structured channel.”

Avyukthi Consulting and Advisory Services LLP’s Ramesh R., said: “Cross-border transactions between India and Sri Lanka involve specific tax, regulatory and structuring considerations. Our role is to help de-risk and accelerate those processes so that good investment ideas can move from discussion to execution more efficiently.”

The initiative comes against a backdrop of recovering Sri Lankan capital markets and growing Indian investor interest in frontier and near-shore opportunities. By linking a listed Sri Lankan investment platform with an established Indian multi-family office and specialist advisory capability, the parties aim to reduce friction in cross-border capital flows, improve information exchange and create a more systematic pipeline of opportunities for institutional, family-office and high-net-worth capital on both sides.