Billionaire investor Baloobhai Patel purchased an additional 5.8 million shares in Absa Bank Kenya in the six months that ended December 2023, taking his stake in the lender to one percent for the first time.
Absa Bank disclosures show that Mr Patel closed December with 55.86 million shares, giving him a 1.03 percent stake in the lender that is majority owned by South Africa’s Absa Group. He owns the stake alongside his wife, Amarjeet B Patel.
