Billionaire investor Baloobhai Patel has acquired an extra four per cent stake in Carbacid for Sh150 million, cementing his position as the top shareholder of the company.
Mr Patel bought 11.4 million shares in the year to July 2016, raising his interest in the NSE-listed firm from 26 per cent to 30 per cent, according to Carbacid’s latest annual report.
