Absa seeks court orders to remove KCB-Appointed receiver managers.
"Baloobhai Patel"
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Over the year leading up to March 2024, Patel acquired an additional 92,200 shares in the listed tea firm.
- Hot News
Bamburi Cement, owned by Kenyan tycoon Baloobhai Patel, sees shares soar following takeover bid
Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, sees shareholder changes and market gains amid Amsons Group’s $180-million buyout offer.
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Absa Bank, linked to tycoon Baloobhai Patel, faces pressure over $1.5-million refund dispute
Absa Bank linked to tycoon Baloobhai Patel wins $1.5-million (Sh215 million) refund case; KDIC appeals fearing impact on deposit insurance fund.
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Amsons’ proposed acquisition, boosting Bamburi’s market cap above $160 million, could reshape East Africa’s cement sector
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Kenyan tycoon Baloobhai Patel-linked Sanlam Kenya to close subsidiaries amid financial woes
Sanlam Kenya remains committed to growth amid efforts to optimize strategies in challenging economic landscapes.
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Customer deposits also climbed 14.47 percent to Ksh359.46 billion ($2.74 billion), reflecting the bank’s customer-centric approach.
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Patel’s latest acquisition reflects a significant year-on-year increase in his Absa holdings. In December 2022, he held 47.57 million shares (0.88-percent stake).
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Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, to distribute $15 million to shareholder
The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 …
- East Africa
Kenyan tycoon Baloobhai Patel’s Bamburi Cement expects $2.57 million in savings with solar plants
Patel, a Kenyan multimillionaire and owner of a 4.12-percent stake in Bamburi Cement through his private investment company, Aksaya Investment.