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Indian lender finally puts Karuturi on the market

By Moses Michira | 8yrs ago
Workers protest outside Karuturi Flower Farm over unpaid salaries in Naivasha in December 2014. The farm owes present and past workers about Sh217 million in unpaid dues. [File, Standard]

An Indian bank has put a multi-billion-shilling Kenyan flower farm up for sale over a disputed Sh4 billion loan.

The planned sale of Naivasha-based Karuturi Ltd could mark the end for the erstwhile world’s largest rose flower producer.

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Karuturi Ltd Indian bank Patel Shah Joshi
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