Multi Finance to be listed on CSE

by Sapumali Galagoda

The Multi Finance Company will be listed on the Colombo Stock exchange before June 30, said a spokesman for the Entrust Group. The Entrust Group recently ventured into the business of financing by acquiring The Multi Finance Company Limited, a Central Bank regulated finance company headquartered in Kandy, family owned and founded 37 years ago.

The company which has branches in Colombo, Gampaha and Matara hopes to introduce different kinds of investments and lending instruments with varying options, many of which are expected to be new, to the finance sector, said the spokesman.

The group which has created a name for itself in the financial sector has extended its business activities over the last decade from primary dealer activities to registered finance company business activities.

The group’s main forte has been its expertise, and inbuilt confidence which has propelled the group into venturing into different spheres of business activities in the financial sector.

The group boasts of two regulated subsidiaries. The primary dealership arm of the group, Entrust securities Limited is a licensed primary dealer appointed by the Central Bank to exclusively deal in government securities.

The company has been an active dealer in the primary and secondary market of government securities and a catalyst in promoting treasury bills and bonds among the investor community.

Entrust Securities has achieved remarkable growth over the last decade.

The company has been servicing and playing an advisory role to large corporate, regulated institutions, government corporations, provident funds, co-operative societies and high net worth investors and been in active trading in government securities.

Over the years, the Multi Finance company has built a loyal clientle that includes large and small businesses, entrepreneurs, professionals and individuals.