Local businessman Paul Ndung’u has become the sixth largest local individual after acquiring some 5.1 million shares of the troubled real estate developer.
The shares acquired by the businessman give him a 1.26 per cent stake.
The investment comes at a time when Home Afrika’s share price has dropped by more than 95 per cent from its peak Sh.25 following its listing in 2013 at an offer price of Sh.12.
The Home Afrika’s counter is currently trading at Sh. 1.15 per share.
