Sri Lanka, April 10 -- JXG, the well-established financial conglomerate comprising Janashakthi Insurance PLC, First Capital Holdings PLC, and Janashakthi Finance PLC, successfully concluded its Initial Public Offering (IPO), which opened for subscription on 9th April 2026. The issue was oversubscribed on the opening day and closed on the same day, reflecting the strong confidence and trust placed by investors in the Company and marking a significant milestone in its journey.

The IPO, which proposed to raise LKR 5 billion through the issue of 500 million ordinary voting shares at LKR 10.00 per share, amounting to a 21.74% stake in the listed entity, was oversubscribed, reflecting strong investor confidence in the Group's fundamentals, gov...