The Moxon Group has consolidated its shareholding in Meikles Limited into non-resident entity Gondor Capital Limited in what could enable the diversified firm to mobilise US$200 million in offshore capital.
The Moxon Group said it had received Reserve Bank's exchange control approval to exchange its stake in Meikles with Gondor Capital Limited, which the group controls 100 percent. Previously, the Moxon Group had fragmented shareholding in Meikles Limited and the transfer consolidates the shareholdings.
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