NDBIB and CT CLSA in strategic partnership
View(s):NDB Investment Bank Ltd (NDBIB) and CT CLSA Capital (Pvt) Ltd (CT CLSA) have entered into a Collaboration Agreement to work together in raising capital for Sri Lankan corporates via Equity Initial Public Offerings (IPOs) on the Colombo Stock Exchange.
A Collaboration Agreement setting out the framework for cooperation under this strategic alliance was signed on Wednesday, March 16. The combination of the strengths of both NDBIB and CT CLSA will bring together decades of capital market expertise to offer clients an unrivalled proposition in raising equity capital to meet their funding requirements, according to a media release issued by NDBBIB.
NDBIB has advised many innovative and landmark transactions to have taken place in the country’s capital markets. In addition to its presence in Sri Lanka, NDBIB maintains a presence in Bangladesh via its subsidiary in Dhaka and is also very active in raising capital for Maldivian clients.
CT CLSA is a leading investment bank in Sri Lanka offering equity capital market, debt capital market, mergers and acquisition and corporate advisory services and has participated in some of the landmark transactions to take place on the Colombo Stock Exchange. CT CLSA has access to a pool of global investors and has participated in transactions in the South Asian region through the CLSA network.
Senaka Kakiriwaragodage, CEO of NDB Capital Holdings, stated that “corporates in Sri Lanka will be required to utilise the capital markets more than ever to source the capital requirements arising from challenging macro environmental conditions and internal growth plans. NDBIB and CT CLSA possess decades of capital market experience spanning across local, regional and global markets which can be tapped to meet the diverse needs of our clients. Teams’ superior intellectual credentials and distribution capabilities will enable us to offer an unmatched offering to our clients”.
Cecilia Page Muttukumaru, Chairman and Marianne Page, Consultant to CT CLSA Holdings Group, jointly stated that “the strategic alliance will bring together the best of both investment banks in execution and delivery to the corporate sector as well as the investors both domestic and foreign”.
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