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.
source - www.dailynews.lk
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