KenGen Shares Plunge as Company Announces Biggest Rights IssueBy
Company stock falls by most since January following statement
Kenyan utility names Renaissance Capital transaction adviser
Shares of Kenya Electricity Generating Co. plunged by the most since January after the Nairobi-based company said it plans to raise 28.8 billion shillings ($286.3 million) in East Africa’s biggest-ever rights offer.
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