Home » Mauritian tycoon Hector Espitalier-Noel gains $1.9 million from stake in ENL

Mauritian tycoon Hector Espitalier-Noel gains $1.9 million from stake in ENL

by Yusuf Abdulfatai
Hector Espitalier-Noel

Mauritian tycoon Hector Espitalier-Noel has witnessed a substantial increase in the market value of his stake in ENL Limited. Over the past 32 days, Espitalier-Noel’s stake has surged by nearly $1.9 million, driven by a significant uptick in ENL shares.

Data gathered by Billionaires.Africa revealed that over the past 32 days, his stake in ENL Limited has increased by MUR84.91 million ($1.9 million) as investors on the local bourse continue to increase their stakes in the Mauritius-based group.

ENL Limited is a diversified conglomerate with more than 120 domestic and international brands spanning agro-allied, real estate, hospitality, logistics, fintech, commerce, and industrial sectors. Led by Espitalier-Noel, the company’s CEO and owner of a 9.92-percent beneficial stake, ENL has positioned itself as a prominent player in various industries.

Since Aug. 10, the shares of ENL on the Stock Exchange of Mauritius have surged by a noteworthy four percent, climbing from MUR20 ($0.443) to MUR20.8 ($0.461) at the time of this report. This surge in share value translates to significant gains for ENL’s investors, particularly Hector Espitalier-Noel.

The uptick in the group’s share price has propelled the market value of Espitalier-Noel’s stake by MUR84.91 million ($1.9 million). His stake, valued at MUR2.12 billion ($47.05 million) on August 10, now stands at MUR2.21 billion ($48.93 million).

This recent upswing solidifies Espitalier-Noel’s standing as one of the wealthiest investors on the Stock Exchange of Mauritius.

The Mauritian tycoon ranks among the richest businessmen in Mauritius, and this surge in the market value of his stake reaffirms his position in the country’s financial landscape.

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