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Standard Group targets to raise Sh1.5 billion through rights issue

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Panoramic view of the Standard Group's converged newsroom. [File, Standard]

The Standard Group has announced plans to raise Sh1.5 billion through a rights issue, subject to shareholder and regulatory approval.

The move aims to strengthen the Nairobi Securities Exchange (NSE)-listed company's balance sheet and capitalise on digital growth opportunities as part of an ongoing reorganisation by the media firm in a changing operating environment.

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