Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) has been officially included in the S&P Sri Lanka 20 Index, following the 2025 year-end index rebalance announced by the Colombo Stock Exchange (CSE) and S&P Dow Jones Indices. The inclusion takes effect from 22 December 2025, after market closing on 19 December 2025.
The S&P Sri Lanka 20 Index represents the 20 largest and most liquid companies listed on the CSE, selected based on strict criteria including market capitalisation, liquidity, financial viability, and sustained profitability. Constituents are weighted by float-adjusted market capitalisation, with single-stock caps to ensure balanced representation.
Commenting on the milestone, Shyam Sathasivam, Group Chief Executive Officer of Sunshine Holdings, said:
“Our inclusion in the S&P Sri Lanka 20 is the result of more than five decades of collective effort and perseverance by our people, past and present, who have built Sunshine Holdings into the institution it is today. This recognition reflects the strength of our foundations, the discipline with which we have grown, and the consistency of our performance across business cycles. As we move forward, we remain focused on building resilient businesses, upholding strong governance standards, and delivering sustainable long-term value to all stakeholders.”
The index is constructed in line with global index methodologies and international best practices, with all constituents classified under the Global Industry Classification Standard (GICS®). Eligibility requires a minimum float-adjusted market capitalisation of LKR 500 million, a six-month median daily value traded of LKR 250,000, and positive net income over the twelve months preceding the rebalancing reference date.
Sunshine Holdings’ inclusion reflects its long-term evolution from a closely held family enterprise into a widely held blue-chip listed company. The Group has prioritized institutional credibility, robust governance, and shareholder expansion, achieving a current market capitalisation of approximately LKR 70 billion, underscoring its scale and significance on the Colombo Stock Exchange.
In recent years, Sunshine Holdings has also enhanced stock liquidity and investor participation through strategic corporate actions, including share splits. These measures have driven sustained trading activity, with a six-month median daily value traded of LKR 45.6 million, comfortably exceeding the liquidity thresholds required for S&P Sri Lanka 20 inclusion.
With a legacy spanning 58 years, Sunshine Holdings plays a pivotal role in Sri Lanka’s nation-building efforts across healthcare, consumer, and agribusiness sectors. The Group owns leading local brands including Zesta Tea, Watawala Tea, Ran Kahata, Daintee, Milady, Healthguard Pharmacy, and Lina Manufacturing. Employing nearly 2,000 people, Sunshine recorded LKR 59.3 billion in revenue in FY25, highlighting its scale, performance, and appeal to both local and international investors.