September 16, 2024
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1min2
The Initial Public Offering (IPO) of Digital Mobility Solutions Lanka Limited, through an offer for sale of 43,474,179 ordinary voting shares at a price of Rs. 36 per share, opened today (13th September 2024) and was oversubscribed on the initial day itself. The IPO by Digital Mobility Solutions Lanka Limited attracted applications surpassing the offer […]

September 4, 2024
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4min9
A legal dispute has emerged involving Digital Mobility Solutions Lanka Limited, the company behind the popular ride-hailing platform PickMe, as the company’s proposed Initial Public Offering (IPO) comes under the lens of the Commercial High Court. The action was filed by Fathhi Mohamed who alleged that he was a co-founding member of the company, naming […]

September 4, 2024
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4min8
Colombo, September 3, 2024: Digital Mobility Solutions Lanka Limited, the innovator behind Sri Lanka’s leading mobility solutions app PickMe, announces its forthcoming Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE). The IPO will feature an offer for sale of 43,474,179 existing ordinary voting shares at a price of LKR 36.00 per share, opening […]

July 29, 2024

7min6
Maharaja Foods Limited, marked a significant milestone on 26th July 2024, becoming the first woman-owned enterprise in the agribusiness sector with roots in the northern province, to list its shares on the Empower Board of the Colombo Stock Exchange (CSE). The Board is dedicated to facilitating efficient global capital raising for small and medium-sized companies […]

July 22, 2024
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2min7
The initial public offering (IPO) of shares of Sri Lanka’s leading integrated manufacturer of specialized cables, Cable Solutions Limited, will open today, 23rd of July 2024, at 09.00am. Managed by Asia Securities Advisors (Private) Limited, the issue will see a total of 80,786,600 ordinary voting shares of the company offered to the public, through a […]

July 4, 2024
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7min4
Sri Lanka’s only specialized integrated cable manufacturer and subsidiary of the ACL Group, Cable Solutions Limited (CSLK), has announced its plans for its Initial Public Offering (IPO) and subsequent listing on the Diri Savi Board of the Colombo Stock Exchange. The IPO will comprise of a total of 80,786,600 ordinary voting shares of the company […]

August 10, 2023
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5min2
      The much-awaited Initial Public Offering (IPO) of Ordinary Voting Shares of Agarapatana Plantations Limited will open today, 10th of August, at 9.00 a.m. Being one of the leading plantation companies in Sri Lanka with a strong foundation in sustainable agriculture and operations, supported by renewable energy and numerous ethical trade partnerships, the […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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