MUTARE – Zimbabwean conglomerate Innscor Africa Limited has acquired a significant strategic stake in Tanganda Tea Company following its participation in the company’s US$8 million rights issue. The capital-raising initiative, structured as a rights offer, invited existing shareholders to purchase additional shares in order to inject fresh capital into Tanganda’s operations and support its growth [...] The post Innscor Secures 27% Stake in Tanganda After Backing US$8 Million Rights Issue appeared first on The Zimbabwe Mail .

Originally published by The Zimbabwe Mail. Read original article