Billionaire Baloobhai Patel expands stake in Williamson Tea with extra 92,200 shares

Baloobahi Patel.  

Photo credit: File | Nation Media Group

Billionaire investor Baloobhai Patel raised his stake in Williamson Tea by 92,200 shares worth Sh23 million in the year to March 2024, taking the value of his holding in the company to Sh212 million.

Mr Patel’s latest share purchase in the listed tea firm means that he now holds 850,705 shares in the tea firm, equivalent to a 4.86 percent stake.

PAYE Tax Calculator

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