Malawi business tycoon Hitesh Anadkat gains $148.7 million from FMB Capital
This latest surge builds on the strong performance of his stake in 2023, when it increased by MWK178.2 billion ($105.88 million).
This latest surge builds on the strong performance of his stake in 2023, when it increased by MWK178.2 billion ($105.88 million).
The funding aims to advance Letshego’s mission of delivering inclusive financial solutions across Botswana.
This strategic move aims to align employee interests with shareholders and comply with the Banking Institutions Act of 2023.
Despite the recent setbacks, Anadkat remains one of the wealthiest investors on the Malawi Stock Exchange.
Anadkat remains one of the wealthiest investors on the Malawi Stock Exchange and a prominent figure among the country’s most successful businessmen.
This recent bump in his fortune comes after his stake in FMB Capital Holdings declined by $6 million between Feb. 1 and March 9.
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
Despite the recent decline in the market value of his stake, Anadkat retains his position as one of the wealthiest investors on the Malawi Stock Exchange.
Anadkat holds an impressive 35.51-percent stake in FMB Capital, which accounts for 872,924,575 ordinary shares.
The $20.76-million surge has solidified Anadkat’s position as one of the wealthiest investors on the Malawi Stock Exchange.
Anadkat holds a 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
Anadkat holds an impressive 35.51-percent stake in FMB Capital Holdings.
As the visionary force behind FMB Capital Holdings, Hitesh Anadkat’s influence extends across Southern Africa, impacting the financial sector.