Billionaire investor Baloobhai Patel bought an additional five million shares in Absa Bank Kenya Plc last year, which are worth Sh58.75 million at the current market price of Sh11.75 per piece, as he strengthens his position as the single biggest local investor in the lender.
The billionaire held 42.5 million shares in the year ended December 2021 but increased his stake from 0.78 percent to 0.88 percent or 47.5 million shares in the following period.
