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KenGen raises Sh26.4 billion in the largest rights issue at Nairobi bourse

Listed power producer Kenya Electricity Generating Company (KenGen) has raised Sh26.4 billion in the largest rights issue ever undertaken at the Nairobi Securities Exchange (NSE).

KenGen fell short of the targeted Sh28.7 billion following a 92 per cent subscription, thanks largely to institutional investors.

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Note: The results are not exact but very close to the actual.

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