The Sunday Leader

Adam Investments IPO On May 19

Dr Ali Asger Shabbir Gulamhusein

Adam Investments Limited (AINV), a newly formed investment company which looks at investment, revival and management of a growing number of subsidiary companies as its core business, confirmed that it has received approval to list its shares on the Diri Savi Board.

Adam Investments Ltd received approval to list 449,993,700 shares on the Diri Savi Board of the Colombo Stock Exchange with an Initial Public Offer of 133,333,500 Ordinary Voting Shares at LKR 3 per share for a total consideration of Rs.400,000,500.

Adam Investments Ltd has equity investments in several listed companies including Orient Garments Plc, Ceylon & Foreign Trades Plc and PC House Holdings Plc.

The company also has substantial shares of private limited liability companies which include Network Communications (Pvt) Ltd, Adam Metals (Pvt) Ltd, Adam Apparels (Pvt) Ltd, Adam Automobiles (Pvt) Ltd and Adam Air Conditions (Pvt) Ltd.

The Board of Directors of Adam Investments Ltd comprises:
Deshabandhu Dr Ali Asger Shabbir Gulamhusein, Chairman; Rev. Dr Lawrence Mervyn Fritsgerald, Adams – Chief Executive Officer/Executive Director; Mrs. Danushya Mediwake Gulamhusein, Executive Director; Taher Abbas Gulamhusein, Non-Executive Director; Idris Shabbir, Non-Executive Director; Malayandi Jeyaprakash, Non-Executive Director; Loolbadd Waduge Waruna Priyankara, Executive Director; Govindasamy Ramanan, Non-Executive Independent Director and Imran Zahir, Non-Executive Independent Director.

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