July 13, 2009

The Securities and Exchange Commission (SEC) is targeting ten registered finance companies to be listed in the Colombo Stock Exchange (CSE) after the Central Bank of Sri Lanka (CBSL) announced a time period for these finance companies to get listed in the CSE.The Governor of the CBSL Ajith N. Cabraal has recently announced that they have given a time period of two years for registered finance companies to get listed in the Colombo Stock Exchange (CSE).

The Director General, the Securities and Exchange Commission (SEC), Channa de Silva said, “There are 34 registered finance companies, but only seven companies are listed in the Colombo Stock Exchange (CSE). The SCE expects ten registered finance companies to be listed in the first year”.“The CSE will provide a platform for companies that underwent mergers who are keen on getting listed. Being listed in the CSE will benefit the companies by having a substantial finance.