Richard Pieris Group invests Rs. 1 b in Richard Pieris Finance Ltd

Business

The Richard Pieris Group has invested a total of Rs. 1 billion in Richard Pieris Finance Ltd which is a group company.

The group has recently invested Rs. 650 million in Tier I and Tier II capital of Richard Pieris Finance Ltd while a further investment of Rs.350 million was made this week in order to strengthen the capital, bringing the total Tier I and Tier II capital investment in Richard Pieris Finance Ltd during the current financial year to Rs. 1 billion and a cumulative capital investment to Rs. 2.2 billion, the company said in a media release.

Another key SBU in the financial services sector of the group is Arpico Insurance Ltd which had won the award as the fastest growing life insurance company in Sri Lanka consecutively for two years. Accordint to published information, the parent company of the group, Richard Pieris & Company PLC is also one of the top 10 largest shareholders of NDB Bank which highlights the commitment of Richard Pieris Group to the financial services sector of the country.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

June 2, 2025

- 386 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

June 3, 2025

- 228 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.

June 6, 2025

- 221 - 0

SriLankan flight grounded in Indonesia

A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.

June 10, 2025

- 202 - 0

Sri Lanka loses its membership of the Open Government Partnership

June 5, 2025

- 188 - 0

Alert Moratuwa resident averts railway derailment

The actions of a resident in Egoda Uyana, Moratuwa helped to avoid a possible railway accident involving an office train on the southern coastal line today, the Railway Department said.

June 9, 2025

- 184 - 0

Protest in Colombo over attack on food aid ship to Gaza

A protest is underway at the Liberty Circle following Israeli forces attacking an aid ship to Gaza containing prominent activists carrying food to try and end the blockade of resources by the Israeli Government.