Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, continues to strengthen its position in Sri Lanka’s financial services industry through strategic investments. Recently, the company increased its stake in Seylan Bank PLC by 0.98%, bringing its total holding to 8.61% of the bank’s ordinary voting shares. This move underscores Ambeon’s growing influence in the financial…
Nearly 30 fund managers from Germany are in Sri Lanka on a first of its kind fact finding and familiarisation visit on an invitation from Amebon Capital PLC (ACP). The delegation on a four-day tour is assessing prospects for list and private equity investments as well as Greenfield Foreign Direct Investments. With Euro 27 billion of Assets Under Management, NFS…
Ambeon Holdings PLC, yesterday made a significant strategic move in the financial services sector by acquiring a 7.63% stake in Seylan Bank PLC, further increasing its investments in the banking industry. This investment comes on the heels of a strategic acquisition by Ambeon Capital PLC and its subsidiaries, which recently purchased 9% of the ordinary voting shares of DFCC Bank…
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, 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…