Sri Lanka, April 21 -- Sweden-based global asset management company, Tundra Fonder's Tundra Sustainable Frontier Fund has subscribed to an equity stake in WindForce Limited by taking part in the Fund's first IPO issuance in Sri Lanka.
"During the month, we participated in our first Sri Lankan IPO. We have subscribed for shares in WindForce, which is the leading renewable player in Sri Lanka, and one of few listed alternatives within the frontier universe. We look forward to following the company as shareholders on their continued journey," Tundra Sustainable Frontier Fund revealed in its monthly update for March.
Tundra Fonder, Founder and Chief Investment Officer, Mattias Martinsson termed WindForce as a "pretty amazing company" emphasiz...