Business · Sri Lanka Bureau
EPF increases holding in ACL Cables to 10 percent stake
Sri Lanka's Employees' Provident Fund has raised its ownership stake in ACL Cables Limited to 10 percent, marking a significant expansion of the fund's investment portfolio in the local manufacturing sector.
LSN Sri Lanka ·
The Employees' Provident Fund (EPF), which manages retirement savings for Sri Lanka's private sector workforce, has increased its shareholding in ACL Cables Limited to reach a 10 percent stake in the company.
ACL Cables is a major player in Sri Lanka's electrical and telecommunications cable manufacturing industry, serving both domestic and regional markets. The company produces a range of cables and related products used in power distribution, telecommunications, and industrial applications.
The move reflects the EPF's strategy of diversifying its investment portfolio across key sectors of the Sri Lankan economy while supporting established local manufacturing enterprises. By increasing its stake in ACL Cables, the fund is seeking to generate returns for its beneficiaries while contributing to the sustainability of domestic industrial operations.
The EPF manages pension contributions from private sector workers across the island and invests these funds in a range of securities, including equity stakes in listed and unlisted companies, government securities, and other financial instruments. Such investments are intended to build capital reserves that will support member benefits over the long term.
The expanded investment in ACL Cables underscores ongoing institutional confidence in the cable manufacturing sector despite broader economic challenges facing Sri Lanka's industrial landscape.