LTL Holdings aims to replicate success in East Africa, offering a blueprint for foreign investors after a record Initial Public Offering (IPO) in the Colombo Stock Exchange. LTL announced the largest IPO in the history of the Colombo Stock Exchange, at Rs. 20 billion. Explaining the company strategy Nuhuman Marikkar, LTL Holdings CEO in an exclusive interview with timsoneline noted that the company cottoned onto regional plans after Sri Lanka achieved nearly 100 per cent of electrification.
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Anura Kumara Dissanayake is so far leading by securing (52.5%) while Sajith Premadasa secured (21.5 % ) and Ranil Wickremesinghe (19.2%) trailing behind. Meanwhile, independent candidate Ariyanethirnan Pakkiyaselvam secured the Nallur Electorate.
In a formal address, President Ranil Wickremesinghe acknowledged the people’s mandate in the 21st presidential election and announced the transition of leadership to President-elect Anura Kumara Dissanayake.
The Supreme Court has suspended the payment of Rs. 150 million to a construction company that was arranged unlawfully, allegedly under the instruction of Minister Bandula Gunawardhana.
Dr Nandika Sanath Kumanayaka has been appointed as the Secretary to the President.
Mr. K. Ananda Wijepala has been appointed as the private secretary to President Anura Kumara Dissanayake.
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