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The Nairobian

Kestrel Capital gets licence to operate as investment bank

Business

By Standard Reporter | Dec 20, 2014

The Capital Markets Authority (CMA) has granted a licence to Kestrel Capital (East Africa) Ltd to operate as an investment bank. This follows an increase in issued and paid up share capital from Sh100 million to Sh250 million by the previously licensed stockbroker.

In addition to increasing share capital, the newly licensed investment bank has complied with all relevant statutory requirements.

As an investment bank, Kestrel Capital will be a non-deposit taking institution licensed by CMA to advise on offers of securities to the public or a section of the public, take-overs, mergers, acquisitions and corporate restructuring involving companies listed or quoted on a securities exchange.

The approval brings the number of investment banks authorised by CMA to 14.