Swarnamahal Financial Services in Vavuniya
Swarnamahal Financial Services Limited (SFS) branch in Vavuniya was
opened by EAP Group Directors Deepa and Nalaka Edirisinghe recently.
Nalaka Edirisinghe said SFS plans to raise 55.6mn from a private
placement of the company's ordinary shares in February.
The number of shares to be issued is 2,780,000 at an issue price of
Rs. 20 share and we have decided to offer an opportunity to our
customers for the subscription of the ordinary shares of the company.
This issue will enable the company to maintain the enquired public
float of 10 percent from the stated capital in order to list the company
on the Colombo Stock Exchange as per regulations stipulated by the
Central Bank of Sri Lanka.
SFS is an EAP Edirisinghe Company, incorporated in 2004 and
registered by the Monetary Board of the Central Bank of Sri Lanka in
The company's main business functions are pawning, leasing and hire
purchase, factoring cum cheque discounting, medium term loans, fixed
deposits and savings accounts.