The Finance Company Plc’s (TFC’s) public share issue to raise Rs. 1.6 billion closed recently and was mostly subscribed by prominent institutional investors and high net worth individuals.
As a result Bank of Ceylon, Seylan Bank and People’s Bank have become TFC’s key shareholders.
Apart from this successful share issue closure, TFC has yet again proven to be a force to reckon with in the non-banking financial services market in Sri Lanka by obtaining over Rs. 400 million in new deposits last month (January) through its islandwide branch network.
The company is now geared to embark on a journey towards achieving the leadership position in the non- financial services market in Sri Lanka while strengthening the real-estate, hire-purchasing and pawning businesses of the Company.
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