What approvals and filings are needed for a foreign private equity fund to buy 60% of a Sri Lankan company?

This type of cross-border transaction typically involves a detailed review of the following:
- Applicable foreign investment laws and sector restrictions in Sri Lanka (including any equity caps, if applicable).
- Government approvals or clearances, such as those from the Board of Investment (BOI) or other relevant regulatory bodies.
- Corporate and securities compliance, including required filings and restructuring considerations.
- Industry-specific regulations, depending on the nature of the manufacturing business.
- Timeline and transaction structuring, including practical considerations that may affect completion.

The regulatory requirements and processing timelines will depend on several factors, such as the specific industry involved, ownership structure, and whether incentives or special registrations are being pursued.
To provide you with a precise and strategic legal assessment, you may reach us through the following:
We would be glad to assist you through the entire process—from due diligence and regulatory compliance to transaction structuring and closing.

Thank you!