Kenanga Investment Corp. breaks new ground

Monday, 5 December 2011 00:00 - - {{hitsCtrl.values.hits}}

Kenanga Investment Corporation has added another feather to its cap by acting as the Managers to the Introduction of Entrust Securities Ltd., the first ever licensed Non Bank Primary Dealer to be listed on the Colombo Stock Exchange (CSE).

Entrust Securities Limited (ESL) which has a history of 11 years in the industry is a licensed Primary Dealer (PD) appointed by the Central Bank of Sri Lanka (CBSL) to exclusively deal in Government Securities such as Treasury bills and bonds. The companies 33,000,014 Ordinary voting shares were listed on the Diri Savi Board of the CSE last week.

Ms Nilupa Perera, Manager Capital Funding at Kenanga said: “Our services range from Capital funding by way of listing, corporate debt and listed securities to financial structuring, corporate advisory services and fund management and our clientele ranges from Finance Companies to Hydro Power Companies to Apparel Companies. We believe that more and more companies will get listed on the CSE to raise capital in order to exploit the opportunities that arise due to the expected economic growth.”