Baloobhai restructures stock market fortune in succession

Baloobahi Patel.  

Photo credit: File | Nation Media Group

Billionaire investor Baloobhai Patel is set to restructure his multi-billion shilling portfolio of Nairobi Securities Exchange-listed shares, accelerating a succession process that started in 2015.

The businessman’s holding company Aksaya Investment Holdings Limited is set to take over key stakes that he has been owning directly as an individual and which he accumulated over decades.

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