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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Capital Markets Authority (CMA) has given the Standard Group PLC the go-ahead to raise Sh1.5 billion from shareholders through a rights issue.
The company, the oldest and one of the leading media houses in the region, said the funds would be used to strengthen its balance sheet so that it could take advantage of emerging digital growth opportunities as part of an ongoing re-organisation.
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