The resurgence of capital market has positive impact on economy and business. The Acuity Partners (Pvt) Ltd is looking at expanding its business activities overseas and currently focusing on India and Bangladesh.
"We will spread our wings in the region in the near future, Acuity Partners Chief Executive Officer Ray Abeywardena said.
Acuity Partners Ltd. tie-up with Millennium Capital Management Holdings (MCM), a Maldivian company to synergize on corporate finance opportunities. The 15 million Dollar syndication would be a long term venture with MCM to enhance investment opportunities.
"We are engaged in corporate finance and banking in Maldives with MCM as our partner. Acuity Partners is a fee based company which recorded a profit of Rs 84 million for the last year and over Rs 100 million for the first six months this year. We are fully booked for services such as public private equity and investment in IPO," he said.
Though the Maldivian capital market is smaller than Sri Lanka, the partnership will ensure opportunities investors from Maldives to enter in to Sri Lankan capital market.
Maldives is driven by tourism industry and more investment opportunities are available in sectors such as education and healthcare, MCM Holdings Maldives Chairman Mohamed Jaleel said.
source - www.dailynews.lk
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