Private equity firm Kuramo Capital plans to invest up to Sh1.1 billion in TransCentury’s ongoing rights issue, a move that could raise its stake in the company to more than 48 per cent.
Kuramo currently has a 25 per cent interest or 93.7 million shares in the infrastructure investment firm, entitling it to buy 468.8 million additional shares at the set price of Sh1.1 apiece.
