Kenyan mogul Suresh Bhagwanji Shah loses over $5 million from I&M Group stake in 37 days
Shah owns a beneficial 10.98-percent stake in the company.
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Shah owns a beneficial 10.98-percent stake in the company.
I&M Bank Group is a leading non-operating holding company situated in Kenya.
I&M Holdings, or I&M Group, is the Kenya-based non-operating holding for I&M Bank Limited.
The decline occurred as investors sold down the bank’s shares, leading to a double-digit dip in the share price.