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Hela Apparel Holdings debuts trading on CSE

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CEO - Hela Kinetix - Viraj Fernando, Director - Design and Innovation- Hela Intimates - Sajeeka De Silva, Non-Executive Director - Hela Apparel Holdings - Aroshi Nanayakkara, Primary Shareholder - Hela Apparel Holdings - Tom Singh, Chairman- Colombo Stock Exchange - Dumith Fernando, Chairman - Hela Apparel Holdings - A.R. Rasiah, Chief Regulatory Officer - Colombo Stock Exchange- Renuke Wijayawardhane, Longest-serving employee of Hela Apparel Holdings - Shamali Perera and CEO - Hela Kids Wear Sanath Amaratunga

The shares of Hela Apparel Holdings Limited (CODE: HELA-N-0000) commenced trading on the Colombo Stock Exchange (CSE).

The shares have been listed on the Main Board of the CSE under the “Consumer Durables & Apparel” sector. The occasion was marked with a special Bell Ringing Ceremony.

Representing Hela Apparel Holdings, Chairman A.R. Rasiah and Group CEO Dilanka Jinadasa graced the occasion, together with other members of the Board of Directors and senior management of the company, as well as the longest-serving employee. The Joint Financial Advisors and Managers to the IPO were also represented by Group Chief Operating Officer and Head of Investment Banking of CT CLSA Holdings, Zakir Mohamedally, and Managing Director of CAL Partners, Deshan Pushparajah.

The CSE was represented at the event by its Chairman, Mr. Dumith Fernando, Chief Regulatory Officer, Mr. Renuke Wijayawardhane, and the CSE Senior Management.

Speaking at the ceremony, the Chairman of the CSE, Mr. Dumith Fernando, congratulated Hela Apparel Holdings on its initiative to go public. “Today, we have the largest IPO in the equity market since the resurgence of the equity markets on the CSE. So, it is indeed a happy day for the CSE, as much as it is for Hela Holdings. It is also impressive that we are bringing together not just the largest IPO but something that was oversubscribed by about five and a half times. That’s an issue of Rs. 4 billion. That also gives us at CSE a lot of confidence in the strength of this capital market as a venue for fundraising. CSE’s objective has been to not only bring more companies into the market, but also a much more diverse group of companies that gives many more options for investors to participate in this market. In that regard, having a company like Hela Apparel Holdings that is entirely export-focused at a time when many investors are looking for export-oriented companies to invest in, is advantageous. Hela Apparel Holdings is truly an international company with 18,000 plus staff spread across Sri Lanka and East-Africa. It is truly a story of Sri Lankan entrepreneurship and we at the CSE are very happy and humble to have companies like this listed.”

Commenting on the apparel industry, Mr. Fernando added, “The apparel industry, of course, is one of the key contributors to our economy, particularly the export segment, and being the largest industrial export segment, it is notable that Hela Apparel Holdings is the first actual largest apparel exporter that is coming to list, which again is another milestone. With this, we wish Hela Apparel Holdings good luck and that all their ambitions be realized after listing but also helped by listing. “

Speaking at the event, the Chairman of Hela Apparel Holdings, Mr. A.R. Rasiah, commented, “Today is a landmark for all of us at Hela and marks the culmination of a journey that began more than five years ago, with a vision to build a world-leading apparel supply chain solution provider that shares its value creation with all its stakeholders. We have been truly humbled by the response to the IPO from all sections of the investment community and look forward to working diligently to build global value for all who have placed their trust in us. I would like to thank everyone who’s been a part of Hela’s landmark IPO – including the company’s management team ably led by Group CEO, Dilanka Jinadasa, and the Joint Managers to the IPO – CT CLSA and CAL – who have ensured the successful completion of this landmark listing, as well to the Colombo Stock Exchange for their diligence in guiding us through the process.

Hela Apparel Holdings is one of the leading apparel supply chain solution providers in Sri Lanka with over three decades of experience in the industry. Over the years the company has successfully built strategic relationships with some of the world’s leading apparel and fashion brands.



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HNB partners IDEAL Motors to drive financial freedom through vehicle leasing solutions

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HNB, Senior Vice President/Head of Retail Banking, Kanchana Karunagama and Director of Legal & Corporate Affairs, Nimisha Welgama sharing the MoU, alongside the representatives from both organizations

HNB PLC, the leading private bank in Sri Lanka, has partnered with IDEAL Motors (Pvt) Limited to provide customers with attractive leasing solutions for brand-new vehicles & generators .

The partnership introduces a range of benefits designed to support individuals, entrepreneurs, and businesses seeking reliable vehicle and power solutions. Through this collaboration, customers can access structured lease facilities, special interest rates, free life insurance coverage, and attractive discounts through HNB General Insurance.

Commenting on the partnership, HNB, Senior Vice President/ Head of Retail Banking, Kanchana Karunagama, said, “At HNB, we believe that the right financial support can help people and businesses move forward with greater confidence. This partnership with IDEAL Motors shows our commitment to creating meaningful solutions that make vehicle and power investments more accessible, while helping our customers achieve their personal and business aspirations. By combining HNB’s financial expertise with IDEAL Motors’ industry capabilities, we are creating opportunities that support the ambitions of Sri Lankans and contribute towards a stronger, more connected economy.”

Customers purchasing vehicles through IDEAL Motors will also benefit from exclusive offers including free registration, and discounts on Bolero Maxx Pik-Up, Alfa Plus Load Carrier, Mahindra Pik-Up Single Cab, Mahindra Pik Up Double Cab, XUV 3XO vehicles, creating greater value throughout their ownership journey.

IDEAL Motors (Pvt) Limited, Director Legal and Corporate Affairs, Nimesha Welgama, said, “Our collaboration with HNB represents a shared commitment to supporting Sri Lankans in achieving greater financial independence through accessible ownership solutions. By combining IDEAL Motors’ mobility and power solutions with HNB’s financial expertise, we aim to empower individuals and businesses with opportunities that contribute to economic progress and community development. This partnership highlights our vision of creating lasting value by enabling customers to confidently invest in their future.”

With IDEAL Motors recognised for its diverse portfolio of automotive and power solutions, and HNB’s extensive expertise in financial services, the partnership aims to provide a seamless experience from selection to ownership, supported by flexible financing options and customer focused solutions.

The partnership further strengthens HNB’s commitment to supporting economic progress by providing financial solutions that enable customers to invest in personal mobility, commercial growth, and business continuity. Through collaborations with leading industry partners, HNB continues to expand opportunities for Sri Lankans while delivering a banking experience built around accessibility, trust, and value.

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Sri Lanka Insurance Corporation General and the Ministry of Education committed to protect Sri Lanka’s schoolchildren

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Sri Lanka Insurance Corporation General Ltd (SLICGL) and the Ministry of Education, Higher Education and Vocational Education share a commitment to protect Sri Lanka’s children throughout their school education. The pledge is delivered through the Suraksha Student Insurance Scheme, which protects over 4 million school children.

The Government of Sri Lanka, through the Ministry of Education, Higher Education and Vocational Education, provides the Suraksha Student Insurance Scheme free of charge to schoolchildren throughout the country. SLICGL is proud to partner with the Ministry in delivering this national initiative, which helps safeguard students against the financial impact of unforeseen circumstances.

Eligible students include those aged 5-21 years in Grades 1-13 from government schools, government-approved private schools, and Pirivena education, as well as students aged 4-21 years in assisted special schools.

The scheme provides hospitalisation, outpatient and critical illness cover, as well as personal accident cover for permanent and temporary disability, together with a life insurance benefit for children from low-income families on the death of a parent. Cover applies to incidents within and outside school premises.

For a child, an illness or accident can be far more than a temporary setback. It can place added pressure on a family and, in some circumstances, disrupt schooling. Suraksha acts as a safety net, giving children and their families greater peace of mind and helping them stay in school despite life’s uncertainties. The scheme is easily accessible through SLICGL’s islandwide network of 200 branches and customer service centres.

Children’s Day is a celebration of hope, the hope for every child to have the opportunity to learn, grow and build a better future. Celebrating children also means protection, not for a single day but for every day they spend in the classroom.

Commemorating Children’s Day, SLICGL extended support towards the educational needs of children at an underprivileged school. The project highlighted the company’s belief in protecting the future not only by being supportive when the unexpected happens, but also in helping create an environment in which children can learn, grow and fulfil their potential.

As Sri Lanka’s National Insurer, SLICGL’s role goes further than protecting people against risk. It is also about contributing to a stronger, safer and more resilient country as children’s education, wellbeing and aspirations contribute directly to help build the journey ahead.

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Vietjet launches Hanoi to Prague route via Almaty, expanding to Central Asia and Europe

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Inaugural celebrations for the new Prague to Almaty and Prague to Hanoi services mark an important milestone in Vietjet’s intercontinental network expansion

Vietjet, which already flies between Colombo and Ho Chi Minh City, has officially launched new services connecting Hanoi with Almaty, Kazakhstan, and Prague, Czech Republic, as well as Almaty with Prague, expanding its intercontinental network and marking its entry into the European Union. The new air links offer more affordable travel options while fostering greater tourism, trade and cultural exchange between Asia and Europe.

For Sri Lanka, the new routes widen the network that Vietjet is building out of Colombo. The airline has operated non-stop flights between Colombo and Ho Chi Minh City since August 2026, three times a week on Tuesdays, Thursdays and Saturdays, while its new Ho Chi Minh City to Maldives service via Colombo is scheduled to begin on 5 December 2026. With Hanoi now linked to Central Asia and Europe, Sri Lankan travellers have a growing choice of destinations reachable through Vietjet’s extensive network.

The inauguration ceremonies took place at Almaty International Airport and Václav Havel Airport Prague on 10 October, amid a warm welcome from local leaders, residents and visitors. The inaugural flights were greeted with traditional water cannon salutes and performances showcasing local cultural heritage, marking the beginning of new journeys connecting the three regions and welcoming international travellers to Vietnam. Passengers on the inaugural flights also received commemorative gifts from Vietjet and the airports, adding a special touch to their journeys.

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