Kenyan businessman Paul Wanderi Ndung'u has lost a legal bid to reinstate his 17 percent stake in SportPesa Global Holdings Limited (SGHL) after a London court dismissed his claims of unfair prejudice or harm to minority shareholders.
Mr Ndung'u had sued SGHL, which is affiliated to the Kenyan unit of Sportpesa, and some of his co-directors after his shareholding was diluted to 0.85 percent between 2019 and 2022 in the wake of three rights issue totaling £1.9 million (Sh325.5 million).
