Ambeon Holdings increases stake in Seylan Bank

Diversified conglomerate Ambeon Holdings PLC, increased its stake in Seylan Bank PLC by 0.98 percent, bringing its total holding to 8.61 percent of the bank’s ordinary voting shares.

This move underscores Ambeon’s growing influence in the financial sector, complementing the recent acquisition of a 9.02 percent 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 across sectors such as financial services, real estate, technology, and manufacturing, and it has a notable presence in both local and international markets.

Ambeon Holdings PLC, a subsidiary of Ambeon Capital PLC, in a statement said it is strategically expanding its presence in high-growth sectors through a series of targeted investments. 

The company’s diverse portfolio across multiple industries demonstrates its broad investment approach and commitment to capitalising on market opportunities for long-term growth.  

The subsidiaries of Ambeon Holdings PLC include Taprobane Capital Plus (Pvt) Ltd, Millennium I. T. E. S. P. (Pvt) Ltd, and Colombo City Holdings PLC.

Additionally, Ambeon Holdings holds a 22.4 percent stake in the Dankotuwa Group, which includes Dankotuwa Porcelain PLC and its subsidiary Royal Fernwood Porcelain Limited. 

The Ambeon Holdings PLC Board of Directors comprise of Sujeewa Mudalige (Chairman/Independent Non-Executive Director), Dr. Sajeeva Narangoda (Executive Director/Group Chief Executive Officer), Mangala Boyagoda (Independent Non-Executive Director), Savanth Sebastian (Independent Non-Executive Director), Samresh Kumar (Independent Non-Executive Director), Jacky Tsoi (Independent Non-Executive Director),  Ruwan Sugathadasa (Non-Executive Director), and Duminda Weerasekare (Independent Non-Executive Director).