The Government continues to strengthen Fiji’s capital market with the successful listing of Shreedhar Motors Limited on the South Pacific Stock Exchange, marking another step forward in expanding investment opportunities and supporting private sector growth.
Minister for Finance, Commerce and Business Development, Hon. Esrom Immanuel officiated at the bell ringing ceremony in Suva today, highlighting the importance of capital markets in driving long-term economic development.
“Today’s listing represents a significant milestone not just for Shreedhar Motors Limited, but for the continued development of Fiji’s capital market,” he said.
The company raised $9million in fresh equity through its initial public offering, attracting strong investor interest, including a notable number of first-time investors.
“We are encouraged by the strong response, particularly the participation of first-time investors, which shows more Fijians are recognising the value of investing in our capital market,” Hon. Immanuel added.
He noted Shreedhar Motors Limited is now the 21st company listed on the Exchange, reflecting growing momentum and confidence in Fiji’s financial sector.
The Minister reaffirmed Government’s commitment to supporting capital market development through targeted incentives and policies aimed at encouraging more companies to list and increasing investor participation.
He also congratulated the Board, management and shareholders of Shreedhar Motors Limited, along with all stakeholders involved, and wished the company continued success in its new journey as a publicly listed company.
