People’s Insurance Limited (PIL) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) last Tuesday. The market opening ceremony was organized by the CSE to mark the first trading day for PIL’s shares since its Initial Public Offering (IPO) in 2015.
People’s Insurance Limited Chairman Jehan P. Amaratunga, People’s Insurance Limited Managing Director D.P. Kumarage, People’s Bank Head of Treasury and Investment Banking Clive Fonseka, Acuity Stock Brokers (Pvt) Ltd Managing Director Ray Abeywardena, NDB Investment Bank CEO Darshan Perera, CSE Chairman Vajira Kulatilaka and CSE CEO Rajeeva Bandaranaike took part in the Market Opening Ceremony.
Speaking at the event, Chairman at People’s Insurance Limited Jehan P. Amaratunga stated, “We are proud to be the latest addition to the Colombo Stock Exchange and are optimistic about the growth potential the market holds for the company.” He further stated, “We would also like to make a commitment to our shareholders that we as an organization will work towards upholding their aspirations and lift People’s Insurance to achieve greater heights.”
Chairman of CSE Vajira Kulatilaka speaking at the event stated, “I congratulate PIL for achieving what has been a successful listing. PIL is an example of a well-planned and executed IPO and makes a case for companies that hold an interest in listing in future.” Commenting on the Market Opening Ceremony initiative by the CSE he stated, “Market Opening Ceremonies are conducted by the CSE to serve as a platform to generate exposure for listed companies as they celebrate important milestones in the capital market”.