SEC/CSE completes first phase of Varsity Battles 2023

RUSL Winning Team – Varsity Battles 2023 (inter-faculty quiz competition)

UOJ Winning Team – Varsity Battles 2023 (inter-faculty quiz competition)

The first two programs of the Varsity Battles 2023, the inter-faculty quiz competition organised by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), were successfully completed at the Rajarata University of Sri Lanka and the University of Jaffna, Sri Lanka on 24th and 25th May 2023, respectively.

Faculty of Applied Sciences Team 1 emerged as the winning team of the inter-faculty quiz at the Rajarata University of Sri Lanka, receiving a cash prize of Rs. 75,000, whilst Faculty of Applied Sciences Team 2 and Faculty of Management Studies Team 1 received certificates for being 1st and 2nd runners- up respectively. 

At the inter-faculty quiz competition held at the University of Jaffna, Faculty of Management Studies and Commerce Team 2 emerged as the winning team, receiving a cash prize of Rs. 75,000. Whilst Faculty of Engineering Team  2 and Faculty of Management Studies and Commerce Team 1 received certificates for being 1st and 2nd runners-up, respectively.

The Varsity Battles 2023 intends to create awareness and educate University Students, on capital markets and to increase financial literacy among university students. 

The quiz competition is conducted in two stages. The first stage is the inter-faculty competitions followed by the second stage which will be an inter-university competition.

The top three teams with the highest scores at the inter-faculty competition will compete at the Inter- University competition. The winning team of the inter-university competition will receive a cash prize of Rs. 300,000, whilst 1st and 2nd runner-up teams will receive Rs. 200,000 and Rs. 100,000, respectively.

CSE Senior Vice President Marketing Niroshan Wijesundere said: “The Quiz Competition is another initiative taken by the Colombo Stock Exchange in collaboration with Securities and Exchange Commission to create awareness on the importance of financial, investor and capital market education. Thus, this initiative highlights the importance of financial literacy for every undergraduate in Sri Lanka.” A group of organisations have come together as sponsors to make this inter university competition a reality. The Varsity Battles 2023 are sponsored by the following organisations.

Platinum sponsors: First Capital Holdings PLC and Bartleet Religare Securities.

Gold sponsors: CIMA Sri Lanka, Capital Trust Holdings Ltd, London Stock Exchange Group Sri Lanka, CT CLSA Securities , and Senfin Securities .

Silver sponsors: Lanka Securities , LOLC Holdings PLC, Asha Securities , Softlogic Stockbrokers , Almas Equities , and Senfin Asset Management .

Co-sponsors: Vidullanka PLC, Millennium IT ESP , CryptoGen , Data Management Systems, Sunshine Holdings PLC, Barista Coffee Lanka, Cargills (Ceylon) PLC, Lanka IOC PLC, N-able , and E Futures .

Official Airline Partner: Sri Lankan Airlines; Official Transport Partner: Easy Lanka Express; Regional Refreshment Partners were Ulankulama Dairies and VS Engineers & Contractors .

Regional Hospitality Partner of the event was Jetwing Jaffna.