CAL marks key milestone with CSE listing

Monday, 2 June 2025 04:14 - - {{hitsCtrl.values.hits}}

From left: CAL Chief Information Officer Tharindra Kulasinghe, Chief Human Resource Officer Anushi Jayasinghe, Founder and Director Ajith Fernando, Group CEO Kanishke Mannakkara, CSE CEO Rajeeva Bandaranaike, CAL Chairman Dinesh de Zoysa, CSE Chairman Dilshan Wirasekara, CEO Designate Vindhya Jayasekera, CRO Renuke Wijayawardhane, CAL Chief Risk Officer Sharmali Perera and CAL Chief Strategist Udeeshan Jonas

The shares of Capital Alliance Holdings Ltd. (CAL) commenced trading on the Colombo Stock Exchange (CSE) last Friday.

The shares are listed on the Main Board of the CSE under the ‘Diversified Financials’ sector. The occasion was marked with a special Bell Ringing Ceremony.

The Company’s Offer for Subscription of 157,500,000 ordinary voting shares at Rs. 10.00 per share marked a significant milestone in its growth journey and attracted strong investor interest.

Delivering the opening remarks, CSE Chairman Dilshan Wirasekara congratulated Capital Alliance Holdings Ltd. on their achievement, stating, “CAL has consistently pushed boundaries in the capital market over its 25-year journey, delivering many firsts in the market and setting benchmarks for others to follow. Given the success of the IPO, we are confident of a strong market debut and notable price appreciation.”

He went on to say, “It is important that capital market participants – the intermediaries themselves, utilise the platform to list. At a time when the country urgently requires a more robust capital market structure, it is imperative that we move beyond traditional financial services and fully harness the potential of capital markets to raise capital efficiently and contribute meaningfully to national economic growth.”

Speaking on the momentous occasion, Capital Alliance Holdings Ltd. Group CEO Kanishke Mannakkara stated, “15x oversubscription with over 20 billion rupees worth of applications shows the potential of our capital market if you present a compelling investment proposition. We are grateful to the investors who have placed their trust in us, and we are committed to delivering value to them by unlocking the power and potential of frontier markets around the world.” Capital Alliance Holdings Ltd. is one of Sri Lanka’s leading frontier-market investment banks, offering integrated debt and equity capital-markets services, securities trading, and wealth management. Since its inception in 2000, the company has grown to serve clients across Sri Lanka, Bangladesh, and the UAE, and is now expanding its footprint into Kenya, continuing to play a pivotal role in shaping the capital market landscape.

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