Investors, on Tuesday, bought 1.9 million shares of ILAM Fahari I-REIT worth Sh18.2 million, positioning themselves to reap from an offer to buy out retail investors in the property fund for Sh11 per unit.
The proposed transaction was announced before the market opened on Tuesday, driving up demand for the shares, which changed hands at a range of between Sh6.62 and Sh10.
