TransCentury Plc, the infrastructure-focused investment firm started in 1997 as an investment club before going public in July 2011, is seeking to raise Sh2.06 billion through a rights issue from next week.
Previously seen as politically connected due to its close link between some of its founders and former President Mwai Kibaki, TransCentury has battled a heavy debt load, losses and a sharp slide in share prices.
