May 06, 2010 (LBO) – Sinhaputhra Finance, a regulated non-bank financial firm based in Sri Lanka’s hill country city of Kandy, has been given the nod for a listing on its second board, the Colombo Stock Exchange said. The firm will list 6,295,893 shares, the CSE statement said without elaborating.
The firm will be listed by an introduction process, which means a minimum block of stock do not have to be offered initially.
The firm was established in 1978. The company had 3.4 billion rupees in gross asset and 438 million rupees in net assets as of March 2009, and public deposits of 2.1 billion rupees, according to information posted on its website. Regulators have encouraged Sri Lanka’s registered finance companies to list in the stock exchange to encourage transparency and governance.