Ambeon Holdings ups stake in Seylan Bank

Saturday, 4 January 2025 02:29 - - {{hitsCtrl.values.hits}}

Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, has increased its stake in Seylan Bank PLC by 0.82%, bringing its total holding to 9.43% of the bank’s ordinary voting shares.

On Thursday the company bought 2.5 million Seylan Bank shares at Rs. 79.50-80 each in a deal worth Rs. 200 million. In the last week of December 2024, the company bought 3 million Seylan Bank shares at Rs. 70 each in a deal worth Rs. 210 million. The move also underscored Ambeon’s growing influence in the financial sector, complementing the recent acquisition of a 9.02% stake in DFCC Bank PLC by Ambeon Capital PLC and its subsidiaries. These investments reflect Ambeon Group’s focused strategy to expand its footprint in the banking and financial services sector in Sri Lanka, which is a key pillar of the nation’s economic landscape.

The company’s overarching strategy involves diversifying its investments across high-growth industries while reinforcing its leadership in its current sectors. Ambeon’s diverse portfolio spans sectors such as financial services, real estate, technology, and manufacturing, and it has a notable presence in both local and international markets. With its strategic investments, Ambeon Holdings PLC is well-positioned to remain a key player in Sri Lanka’s economic development, strengthening its influence across both traditional and emerging sectors.