Standard Media to ask for Sh1.5bn from shareholders in rights issue

 The Capital Markets Authority has given financially-troubled media house, Standard Media Group, the green light to hold a rights issue. In the upcoming rights issue, the Standard Media will be looking to raise Sh1.5 billion from shareholders. “The [Capital Markets Authority] has reviewed the documentation and information memorandum submitted in support of the application for
Standard Media to ask for Sh1.5bn from shareholders in rights issue first appeared on Bizna Kenya Read More