The recent acquisition of BII’s stake by the local investor enhances I&M Group’s local ownership and strengthens its market understanding and operational …
I&M Group
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Renowned Kenyan businessman Suresh Bhagwanji Shah has encountered a significant downturn in the market value of his stake in I&M, mirroring a …
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Shah is a top figure in Kenya’s banking industry. He is renowned for founding I&M Group.
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The transaction’s value was not disclosed.
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Shah owns a beneficial 10.98-percent stake in the company.