Business Times

Agni Capital leads in driving foreign investments to SL

With the upturn in Sri Lanka’s economic prospects, Singapore-based investment and consultancy group, Agni Capital, founded by Sri Lankan-born Gane Ramachandra has made some significant strides in promoting investments into Sri Lanka, the company said this week.

"Agni was the catalyst behind the recent Rs. 1 billion investments by Malaysian-based conglomerate Genting Group in Union Bank of Colombo, and an estimated similar sized investment by the Indian-based Religare Group into Bartleet TransCapital and its subsidiary Bartleet Mallory Stockbrokers last week,” the statement said.

It said that the entry of the Religare promoter group into Sri Lanka with interests in both financial services and healthcare bodes well for Sri Lanka and is viewed as a significant development. Agni Capital, invests its own proprietary funds in specific opportunities and also manages corporate investments and entry into Sri Lanka, Philippines, Singapore, Malaysia, Indonesia and other emerging Asian markets.

ounded in 2007, Agni Capital operates with a mission to identify potential investment ideas and opportunities and to springboard them on to a strong growth trajectory. “Our role is to identify opportunities, restructuring the company where required, packaging and structuring the deal for these opportunities to raise the necessary capital thus helping these small and medium sized companies grow with the right financial or strategic partners.

The Sri Lankan economy suffered for three decades, and the country is now poised to achieve its full development potential,” Mr Ramachandra said. He noted that presently international investor confidence is increasing by the day on Sri Lanka, and what needs to be done now is to attract and infuse new capital into the economy and transform Sri Lanka into a noteworthy economic power in Asia and retake its previous enviable position in Asia.

“With a clear view of the economic landscape of Sri Lanka and the immense opportunities available, Agni Capital is confident of attracting significant investments across the financial services, healthcare, consumer, tourism, real estate, agriculture, marine and offshore services sectors,” he noted. Agni Capital says that large Asian based conglomerates and corporates based out of India, Malaysia, Singapore, Hong Kong, Philippines and Thailand are amongst active groups looking for such opportunities today in Sri Lanka.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
New law to replace BOI Act
Value is key for SL over others: Taj Hotels MD
CB to relax exchange control rules
Top securities regulator visits Colombo
Budget: Growth with equality-urges Colombo business leader
Sri Lanka to consider reptile exports to Germany
Comment -Budget: Onus on taxes
Feature - Friday Forum outlines the path to national unity and reconciliation
Tourism strategies at provincial level
CPM annual conference slated for October 11
Gotabaya outlines war-winning strategy now applicable for economic war
250,000 computers dumped in Sri Lanka every year
India setting up 1,500 universities, China creates one every week
Design for economic growth
Leo Burnett’s Ranil wins a Global Medal of Merit from IAA
Lankaputhra Bank’s non-performing loans increase
Saberion offers alternative to commission based bookings
Janashakthi introduces Sri Lanka’s first 24-hour vehicle breakdown policy
Phoenix Jt. MD at O&M New York
Add 1% for North / East development in 2011 budget: Business leader
US Business Leaders meet President in NY
Central Bank $1 bln bond offer exceeds $6 bln in 14 hours
SLT's IPTV investment and ADSL services
Sri Lanka to use nuclear energy for commercial purposes
Agni Capital leads in driving foreign investments to SL
Fitch revises SLT outlook
Dedicated IPR UNIT of CID soon
Central Bank directs The Finance Company to seek new investors
Government introduces new procurement procedure for state institutions
Plenty Foods wins silver award at Farmer awards event
Ceylinco Life to present Rs 8.4 mln in new scholarships at 10th Pranama event
Sri Lanka's first 3D mobile game 'Colombo Ride 3D' opens in Oct.
Costs from interest free credit cards offers come from merchant’s commissions
Shortage of shares in Colombo market prompts SEC action
Microsoft EDI system for Brandix and Marks & Spencer
Eagle Logistics turns five
Dilmah founder felicitated as 2010 Brand Icon
Mandatory deposit insurance, drop in performing loan loss provisions by CB
Multi Finance to list on the Colombo Stock Exchange
Stepping up on Corporate Governance practices key to investment
SEC in a move to bring commodity exchange, exchange traded funds, unit trusts in 2010
CSE boom hasn’t reached remote areas; banks still rule
SEC prepares takeovers-mergers law
SEC wants to harmonise regulation with the region
SEC, CB rules bring in new business for banks
Hayleys and employees donate IT Centres to Northern schools
SMB Leasing to raise Rs 581 million from rights issue
NDB Bank launches an island-wide Savings Drive


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution