Entry of PE Kuramo to dilute TransCentury owners’ stake by 25pc

What you need to know:

  • NSE-listed firm says prepared to allocate 94m shares to New York-based Kuramo Capital for Sh20 billion capital injection.

Shareholders of TransCentury are set to take a 25 per cent dilution from the entry of private equity firm Kuramo Capital which has proposed to buy the investment firm’s shares at a large premium to the market value.

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