GEOFFREY MBUTHIA ENTERTAINMENT SUB-EDITOR

11 September 2022

• Ndindi Nyoro is a firebrand MP who has been a keen Ruto-ally.

• The Kiharu MP defended his investment saying that the company was a great buy.

Kiharu Member of Parliament, Ndindi Nyoro is one of the most outspoken politicians in Kenya, something that has gotten him in trouble in the past.

But today, the man has become the topic of conversation online and not because of his politicking but how deep his wallet is...

According to the most recent Capital Markets Authority reports, Ndindi Nyoro, is now Kenya Power and Lighting Company's (KPLC) largest individual shareholder.

By the end of June 2022, Nyoro had tripled his share count from 9,116,800 shares at the end of June 2021 to 27,291,400 shares.

Nyoro's ownership position in the corporation rose from 12th to third as a result of the change defeating Naran Khimji Hirani and Virji Khimji Hirani, who led the individual shareholder category the previous year, with a stake of 27.2 million. They have a combined 23,845,364 shares of KPLC.

Mahendra Kumar Khetshi, who received 11,024,900, rounds off the list of individuals.

And why did Nyoro invest in the company? The MP stated that any buyer looking to invest in the business had a fantastic opportunity given the asset value is less than one percent of it's asset value.

"The company is valued at less than 1 per cent of its asset value. I am buying KPLC shares because I know we can fix issues of electricity when allowed to make decisions. It has a lot of sleeping capital which can be used to assist more homes," he told Kenyans.co.ke.

Mahendra Kumar Khetshi, who received 11,024,900, rounds off the list of individuals.

And why did Nyoro invest in the company? The MP stated that any buyer looking to invest in the business had a fantastic opportunity given the asset value is less than one percent of it's asset value.

Kenyans reacted to the news online with some urging their fellow citizens to also invest in KPLC. Some of those comments are below;

SENIOR.@KinuthiaNicky Guys invest in Kplc with your life savings,that corporation is about to boom. Thank me later.

Njeri Kiprono This guy owns one of the main stock brokerage firms in this country.

Solomon Kimani Ndindi Nyoro is a firebrand,outspoken and smart,he is the future of Mt Kenya politics especially for the young generation.i just hope he remains in Bunge.

Erick @Erickmwangiii Even safcom the most profitable business has never paid such a dividend, and certainly not from a loss making company like kplc, max 0.2cents

Mihr Thakar "could" is a speculative word. As for money, Ndindi Nyoro is a serious investor and was before politics.

Will Nyoro's move push you to also invest in KPLC or you still aren't convinced?