Ambeon Capital PLC, under new owners, last week acquired a 9% stake in DFCC Bank for Rs. 3.3 billion with the move described as “strategic and long-term.” On 13 November, the day before the General Election, 38.98 million shares of DFCC Bank traded at Rs. 85 per share via 9 crossings. Overall, 40.9 million shares traded for Rs. 3.4 billion…
MillenniumIT ESP, a leading provider of enterprise technology solutions, yesterday announced a significant change in its leadership, ushering in a new and promising era for the company. It said this strategic shift is driven by a transition in the Ambeon Group which further strengthens MillenniumIT ESP’s international growth strategy by bringing in the expertise of a new Board of Directors.…
Ambeon Capital PLC and Ambeon Holdings PLC together announced the appointment of Mr. Jacky Tsoi as an Independent Non-Executive Director of both entities. Mr. Jacky Tsoi is the Managing Partner of Syndicate Capital, an international investment conglomerate that focuses on co-investments in mid-market companies alongside core and specialist sponsors, especially in the technology, financial services, green energy, education, healthcare, and…
Colombo City Holdings PLC, a subsidiary of Ambeon Holdings PLC, is pleased to announce the appointment of three distinguished professionals to its Board of Directors, marking a significant value addition to the company’s governance and strategic direction. Mr. Samresh Kumar and Mr. Sharad Sridharan have been appointed as Independent Non-Executive Directors, effective from 29th May 2024. Additionally, Mr. Revantha Thashan…
Ambeon Holdings PLC and Ambeon Capital PLC jointly announced the appointment of global business leader and private equity investor Samresh Kumar as an Independent Non-Executive Director of both entities. Paving the way for new appointment, Deputy Chairman Mr. Ajith Devasurendra and Mr. Ranil Pathirana have stepped down from their positions at Ambeon Holdings PLC and Ambeon Capital PLC. Additionally, Mr.…
Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance in the areas of financial services, real estate, technology, and strategic investments, recorded a stellar performance for the financial year (FY) 2023/2024 as per the interim financial results released to the Colombo Stock Exchange recently. Amidst an improving macroeconomic landscape, the group delivered robust results for the financial…