Ambeon Holdings makes a strategic investment in Seylan Bank for Rs.1.4bn

• This investment follows strategic move by Ambeon Capital PLC and its subsidiaries, which recently acquired a 9.02% stake in DFCC Bank PLC

Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance across sectors such as financial services, real estate, technology and strategic investments, made a significant strategic move in the financial services sector by acquiring a 7.63 percent stake in Seylan Bank PLC, further increasing its investments in the banking industry. 

This investment comes on the heels of a strategic acquisition by Ambeon Capital PLC and its subsidiaries, which recently purchased 9.02 percent of the ordinary voting shares of DFCC Bank PLC. Both investments underscore Ambeon Group’s strategic focus on strengthening its presence in the financial services sector, reinforcing its reputation as a key player in Sri Lanka’s economic landscape.

Commenting on the recent strategic investments, Ambeon Group Group Chairman Sujeewa Mudalige highlighted that the company’s expanding portfolio is a clear reflection of its ongoing commitment to broadening its investments in high-potential sectors. 

Ambeon Group continues to strategically expand 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. Ambeon Group Group CEO/Executive Director Dr. Sajeeva Narangoda stated, “With its diverse holdings, Ambeon Group is positioning itself as a leading player in Sri Lanka’s corporate landscape. Our focus is not only on maintaining market dominance in key sectors but also on fostering growth through targeted investments in strategic areas that offer significant long-term potential. This approach ensures we remain well-positioned to leverage emerging opportunities across a variety of industries, from financial services to real estate and technology,” Dr. Narangoda concluded.

Ambeon Holdings PLC, a subsidiary of Ambeon Capital PLC, 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 - a leading financial services provider with a wealth of experience in capital markets and government securities in Sri Lanka,

Millennium I.T.E.S.P (Pvt.) Ltd - Sri Lanka’s leading information systems solutions providers delivering IT solutions for many industries, including banks and finance, telecommunications, apparel and leading conglomerates. Its strong foothold in IT solutions underscores Ambeon’s commitment to technological innovation and Colombo City Holdings PLC (a diversified investment company with interests in real estate, further broadening Ambeon’s presence in the property sector, an area of growing importance in Sri Lanka’s economy.). Additionally, Ambeon Holdings holds a 22.4 percent stake in Dankotuwa Group, which includes Dankotuwa Porcelain PLC and its subsidiary Royal Fernwood Porcelain Limited. This involvement in the manufacturing and export sector adds another layer of diversification to Ambeon’s investment strategy.

Ambeon Holdings PLC’s board of directors comprises of eminent personalities – Chairman/Independent Non-Executive Director Sujeewa Mudalige, Executive Director/Group Chief Executive Officer Dr. Sajeeva Narangoda, Independent Non-Executive Director Mangala Boyagoda, Independent Non-Executive Director Savanth Sebastian, Independent Non-Executive Director Samresh Kumar, Independent Non-Executive Director Jacky Tsoi, Non-Executive Director Ruwan Sugathadasa and Independent Non-Executive Director Duminda Weerasekare.