Thursday Apr 23, 2026
Thursday Apr 23, 2026
Monday, 20 April 2026 04:04 - - {{hitsCtrl.values.hits}}
MIFL Chairman Thilan Wijesinghe (centre) rings the CSE opening bell. Others (from left): MIFL Chief Financial Officer Rohit Agarwalla, Deputy General Manager – Gold Loan Pradeep De Silva, CSE Chief Regulatory Officer Nilupa Perera, MIFL Managing Director/CEO Mufaddal A. Choonia, Chief Operating Officer Rohitha Bandusena, NDB Investment Bank Senior Vice President – Debt Capital Markets Eshani Thenuwara, and CSE Vice President – Listing Kanishka Munasinghe
Mahindra Ideal Finance Ltd. (MIFL) recently marked the official listing of its inaugural debentures and debut listing on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor.
The listed debenture issue, with a total value of Rs. 1 billion, was fully oversubscribed on the first day of opening on 23 March 2026.
MIFL is a licensed finance company with a 58.20% majority stake held by India-based Mahindra & Mahindra Financial Services Ltd., a non-banking financial institution. It offers a suite of financial products, including leasing, loans, fixed deposits, and other asset-backed financing solutions, with 37 branches island-wide.
Through its inaugural debenture, which carries an “A” (lka) rating from Fitch Ratings Lanka Limited and was managed by NDB Investment Bank Ltd, MIFL aims to strengthen its capital structure while supporting its future growth initiatives.
MIFL Chairman Thilan Wijesinghe said: “MIFL’s entry to the Colombo Stock Exchange through its debut debenture listing is a significant institutional milestone. It reinforces our long-term commitment to building a well-governed financial services business with the scale, discipline, and credibility to serve Sri Lanka’s evolving financing needs.”
CSE Chief Regulatory Officer Nilupa Perera said: “Through its Debt IPO, Mahindra Ideal Finance Limited makes a statement of commitment to diversifying funding sources and strengthening long-term growth while demonstrating its commitment to the highest standards of corporate governance, through a platform that only CSE can offer.”
According to the CSE, 2025 saw 22 debt listings including three new companies listing on the exchange by way of debt initial public offerings (IPOs) including several firsts in the country from GSS+ debt instruments (Green, Social, Sustainability linked), Shariah compliant debt instruments and High Yield Bonds, with access to investors and brokers facilitated by a fully digitized CSE platform, which can be accessed through CSE’s website and mobile app.
