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TransCentury cash call misses Sh2 billion target

Friday, April 07, 2023 - 2 min read

Transcentury CEO, Nganga Njiinu at a past event. FILE PHOTO | DIANA NGILA | NMG

Business Reporter

Nation Media Group

Investment firm TransCentury has missed the target in its bid to raise Sh2 billion through a rights issue following low shareholder subscription.

The cash call, whose results were released Friday, raised Sh828.1 million, a 40.13 percent subscription from the uptake of 752.8 million new shares.

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

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