Finance Listing

Apr 27, 2011 (LBO) – Commercial Credit Ltd., a registered finance company based in Sri Lanka’s central hill town of Kandy, has been given regulatory approval to list on the stock exchange. The Colombo stock exchange said it has approved the finance comapny’s application to list 218,074,365 ordinary shares on its ‘diri savi’ or second board through the ‘introduction’ method which does not require making an initial public offer.

The island’s unlisted finance companies are getting listed on the bourse to comply with regulatory requirements.

Commercial Credit has been expanding in recent months by opening branches in towns outside the capital Colombo.