Tag: shares
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Ex-deputy chairman acquitted after 15-year legal battle over five million shares
Long-running case ends with acquittal in landmark ruling A high-profile case that spanned more than a decade has culminated in the acquittal of a former deputy chairman, Ramesh, after Justice K. Muniandy allowed his appeal and overturned a conviction handed down seven years ago. The decision marks a dramatic shift in the proceedings that once…
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UBA Closes Rights Issue, Raises N157.8 Billion with Full Subscription
UBA closes rights issue with full subscription, raises N157.84 billion The United Bank for Africa (UBA) has announced the successful closure of its rights issue, securing a total of N157.84 billion from investors and achieving a full subscription rate. In its official results released on Wednesday, the bank disclosed that the offering comprised 3,156,869,665 ordinary…