Agni Capital drives investement
Agni Capital has made significant strides in promoting investments
into Sri Lanka.
Agni Capital was the catalyst behind the recent Rs 1 billion
investment 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.
Religare Enterprises Limited is a global financial services group
with presence across Asia, Africa, Middle East, Europe and the Americas.
Religare Enterprises has over a million clients with brokering arms in
the UK and several other countries.
The founders of Religare Enterprises also own and run Fortis
Healthcare which is shortly poised to become India's largest domestic
hospital chain by number of beds with the completion of their upcoming
hospitals. The entry of the 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 founded by Sri Lankan born Gane Ramachandra invests
their own proprietary funds in specific opportunities and also manages
corporate investments. 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 capital thus helping these small and medium sized
companies grow with the right financial or strategic partners.
We select the appropriate corporate investor from our extensive
network of corporate and investment partners and present them with
opportunities which we believe will fit well within their investment
needs, scope and philosophy. Today, Sri Lanka is enjoying strong
leadership and stability, which in turn has increased investor
confidence.
The Sri Lankan economy suffered for three decades, and the country is
now poised to achieve its full development potential," Ramachandra said.
The Managing Director of Agni Capital said that at present 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.
"The global investment community is setting its sights on Sri Lanka
and Agni is privileged to act as a bridge to unlock the full development
potential of Sri Lanka, its domestic businesses and its people. We are
confident that our operating model is best suited for Sri Lankan
businesses and meeting their diverse expectations by offering compelling
value and flexibility," Ramachandra said.
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