Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* CDS bolsters corporate action services portfolio with DCSL and Melsta agreements
Fri, Jan 4, 2019, 10:31 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 04, Colombo: Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has bolstered its client portfolio in Corporate Action services and Registrar services with the addition of Distilleries Company of Sri Lanka PLC (DCSL) and Melstacorp PLC (Melsta).

CDS launched these services in mid-2018 and is presently offering services to 18 clients represented in 8 industries. As part of the agreements, CDS will now provide registrar service coverage for DSCL and Melsta in the areas of maintaining the share ledger, cash/script dividend, right issues, share subdivisions, capitalization of reserves and other corporate actions.

The move by CDS to introduce new services comes as a number of depositaries around the world are expanding on their traditional role to be more customer facing, by offering new services and leveraging on technology.

Commenting on the agreements, Head of CDS Mr. Nalin Fonseka stated "Marking a new era in our journey, CDS announced the launch of corporate action services and registrar services to develop into a more customer centric and customer focused organization. We welcome Distilleries and Melstacorp to our portfolio and look forward to honoring the trust placed in CDS with service excellence. We are confident that engaging CDS will allow the companies to significantly improve their efficiencies when dealing with the capital market as well as pave the way to enhance investor relations."

"The fact that CDS has been at the heart of the Sri Lankan stock market offers us vital differentiation and uniquely positions CDS to effectively deliver these services. Considering that these services are linked to our core services, we also have the ability to offer cost efficiencies and considerable convenience to listed companies and their investors" he added.

 

ColomboPage - Recent 10 Stories ::
Proposal to include the Theravada Tripitaka into the Memory of the World Register of UNESCO presented
-- [25 minutes ago]
Sri Lankan government to ensure every citizen has own plot of land
-- [38 minutes ago]
Oman's Oil and Gas Minister arrives in Sri Lanka for ground breaking ceremony of Oil refinery in Hambantota
-- [2 hours ago]
Australian ships arrive in Sri Lanka for Indo-Pacific Endeavour 2019
-- [3 hours ago]
Pakistan's 79th National Day celebrated in Sri Lanka
-- [4 hours ago]
Engineering Nexus' fourth meetup: Open Source and Beyond Building Smarter QE Platforms
-- [4 hours ago]
Sri Lanka's sovereignty and independence protected in Geneva - PM
Navy arrests three persons with over 1500 kg of illegal Beedi leaves
SriLankan Airlines scores the second hat-trick at Golden City Gates Awards 2019
Human Rights Commission thanks Finance Minister for allocation of funds to make state buildings accessible to disabled

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.