CSE filing·Nov 25, 2025Positive
Voluntary Offer (subsequently converted into a Mandatory Offer) made by L B Finance PLC to purchase 113,327,268 Ordinary Shares of Associated Motor Finance Company PLCCompany filings and market news from across Sri Lanka's stock market.
Diesel & Motor Engineering PLC (DIMO.N0000) won the Diamond Award at CMA Sri Lanka's 11th Excellence in Integrated Reporting Awards 2025. Commercial Bank of Ceylon (COMB.N0000) and L B Finance (LFIN.N0000) received Silver/Bronze joint awards and Talawakelle Tea Estates (TPL.N0000) was a Gold co-winner.
Diesel & Motor Engineering (DIMO) won the Diamond Award for the most outstanding integrated report at the 11th CMA Sri Lanka Excellence in Integrated Reporting Awards 2025. Talawakelle Tea Estates shared the Gold award, Commercial Bank shared Silver, and Hayleys Fabric and L B Finance shared the Bronze awards.
Associated Motor Finance Company PLC appointed G.A.R.D. Prasanna as Chairman and Niroshan Udage as Deputy Chairman following its acquisition by L B Finance PLC. Both appointees are LB Finance executives; other board members named include Piyal Hennayake, B.D.A. Perera, Ashwini Natesan and Prof. Nandika Kasun De Zoysa.
LB Finance PLC said the SEC granted AMF an additional four calendar days to circulate the Independent Advisor’s Report and the AMF Board’s views, and extended the voluntary offer closing date to 4:30 p.m. on 24 November 2025; all other offer terms remain unchanged.
LB Finance (LFIN) has moved to fully acquire Associated Motor Finance (AMF) via a mandatory offer effective 29 Oct at Rs.50 per share for 113 million shares, with the Central Bank expecting the merger to complete by 31 Mar 2027. First Capital Research says the deal could add about Rs.25bn to LFIN's loan book by FY27E and support continued loan growth.
Colombo market closed lower — ASPI fell 0.84% (198.24 pts) to 23,461.46 and the S&P SL20 dropped 1.52% to 6,458.15. Banking dominated turnover (39%) and major laggards included SAMP, HNB, JKH, NDB and BUKI while foreign investors were net sellers of about Rs. 788.7 million.
LB Finance PLC’s proposed LKR10bn senior and LKR10bn subordinated debentures (total up to LKR20bn) were assigned expected national ratings of A-(EXP)(lka) and BBB(EXP)(lka) by Fitch; proceeds are to fund loan-book growth, diversify funding and boost Tier-2 capital.
GovPay launched traffic fine payments in the Northern Province, enabling on-the-spot payments via bank and fintech apps; since April 2025 it has processed 23,539 spot fines totaling over Rs.31 million.
Sri Lanka's forex inflows were US$2,337m in September (down from US$2,521m in August) while imports rose to US$2,048m, leaving a US$289m surplus. Vehicle and fuel import increases drove the shift and analysts warn fiscal-buffer use or liquidity injections could erode reserves and pressure the rupee and rates.
LB Finance PLC appointed Prof. Thirimadura Nandika Kasun De Zoysa as an Independent Non-Executive Director. Prof. De Zoysa is Deputy Director and Coordinator of the Digital Forensic Centre at the University of Colombo School of Computing with over 25 years' experience in cybersecurity and digital forensics.
LB Finance converted its voluntary offer to acquire 100% of Associated Motor Finance into a mandatory offer after shareholders holding 65.6% accepted; the offer covers 113,327,268 shares at Rs.50 each (about Rs.5.6bn) and takes effect from 29 October.
Colombo market opened lower as the ASPI fell 0.10% to 22,788.79; major movers included Colombo Dockyard (DOCK +24.20%) and Ceylon Hospitals (CHL +25.64%), while C T Holdings, Central Finance and Richard Pieris were among the session's laggards.
LB Finance announced a voluntary offer to acquire all 113,327,268 shares of Associated Motor Finance at Rs.50 per share, valuing the deal at about Rs.5.6 billion. Two major shareholders holding 65.6% have agreed and the Securities and Exchange Commission has approved the offer.
L B Finance PLC celebrated the 15th anniversary of its LB Al-Salamah Shari’ah-compliant alternate financial services unit, marking a milestone since its 2010 launch. The event honoured the Shari’ah Supervisory Board and long-standing customers and reaffirmed plans to expand Shari’ah-compliant offerings.
The Islamic Finance Forum of South Asia celebrated its 10th edition and presented awards to 20 institutions across 30 categories; NDB won Deal of the Year (Gold) and, with Vidullanka, received a First Listed Sukuk award (Silver), Seylan Bank won Deal of the Year Silver for a 10MW solar project, and L B Finance won ESG and digital product awards.
The Colombo bourse closed the four-day week higher as the ASPI rose 1.01% (223.83 pts) to 22,318.72 and the S&P SL20 gained 0.62% to 6,226.03, with weekly turnover of Rs.8.45bn and foreign net outflows of Rs.265.1m. JKH, HNB, LFIN, COMB and PKME were top positive contributors, while CFVF rose on a cash dividend announcement and ACL saw higher participation after a share subdivision.