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Packaging firm Skol to offer public 5m shares on listing

Shri Krishana Overseas Ltd Managing Director Sonvir Singh (left) and Shri Krishana Overseas Ltd Finance Director Nirmal Chaudhary (right) interact with Boniface Kyalo an employee at the production facility located in Nairobi on September 18, 2024.

Photo credit: Bonface Bogita | Nation Media Group

By  Charles Mwaniki

Business Reporter

Nation Media Group

Existing shareholders of packaging material manufacturer Shri Krishana Overseas Ltd (Skol) will make 5.05 million shares available for purchase by the public ahead of the company’s listing in order to meet regulatory requirements on free-float shares.

According to an information memorandum published ahead of its listing on the Nairobi Securities Exchange (NSE) by introduction on July 24, Skol currently has seven shareholders with a total of 50.5 million issued shares.  

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