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Baloobhai Patel exits list of top 10 Mumias Sugar shareholders
Mr Patel owned 17 million shares equivalent to a 1.1 per cent stake of the Mumias Sugar Company. Photo/FILE
Billionaire businessman Baloobhai Patel has exited the top 10 shareholders roll of troubled sugar miller Mumias. This marks a rare divestiture for the investor who was ranked fifth among top owners of the company.
The regulatory filings covering up to the end of May show Mr Patel, who owned 17 million shares equivalent to a 1.1 per cent stake of the company, is no longer on the top investors’ list.
