Billionaire Baloobhai Patel has transferred his 49.9 percent stake in Carbacid Investments to his private firm Aksaya Investment Holdings, marking the latest restructuring of his Nairobi bourse portfolio.
The deal, disclosed in June regulatory filings, adds to the several that he has made in firms such as Absa Bank Kenya and Sanlam Kenya as part of succession plan. The businessman previously held the shares directly.
