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Shri Krishana Tells Investors It Is Listing Soon

BY Soko Directory Team · February 3, 2025 08:02 am

Shri Krishana Overseas Limited (SKL), a leading packaging solutions provider, has announced its intention to list on the Nairobi Securities Exchange (NSE). This move marks a significant milestone for the company and sets a precedent for family-owned businesses transitioning into publicly listed entities.

The announcement was made during a high-profile event at the Movenpick Hotel in Nairobi, attended by over 290 corporate leaders, government officials, and key industry stakeholders. The event celebrated SKL’s remarkable growth journey and its vision for future expansion.

Speaking at the event, SKL’s Managing Director, Dr. Sonvir Singh, emphasized the company’s commitment to innovation, sustainability, and economic growth. “We started as a small enterprise, but through strategic investment, integrity, and a strong work ethic, we have grown exponentially. Listing on the NSE is the next step in securing SKL’s long-term future and creating new opportunities for growth,” he said.

SKL’s Financial Director, Nirmal Chaudhary, highlighted the benefits of going public, stating, “We are not just listing for the sake of it. This move will bring greater transparency, governance, and access to capital, ensuring that SKL remains competitive and continues to serve the market with high-quality packaging solutions.”

The announcement received widespread support from industry leaders and government representatives.

Frank Mwiti, CEO of the NSE, affirmed that the stock exchange plays a complementary role to banks in financing businesses. “There’s a reason why some of Kenya’s biggest companies are listed on the NSE. Our market capitalization as of Friday was KES 1.9 trillion, and bonds traded close to KES 1.2 trillion. The opportunity and liquidity are there for businesses willing to embrace compliance, governance, and transparency,” he stated.

Laikipia Governor James Irungu emphasized the broader economic impact of SKL’s listing. “This is about strengthening our economy and creating new avenues for innovation and industrial leadership. SKL’s success aligns with Kenya’s vision for sustainable growth, and we look forward to the opportunities that arise from this milestone.”

Rosemary Kirika, Deputy Governor of Kiambu County, commended SKL’s leadership for their integrity and entrepreneurial spirit. “Sonvir and Nirmal’s story is an inspiration. Their commitment to starting with what they have and building through integrity and innovation is a lesson for many entrepreneurs.”

Vimal Shah, Co-Founder & Chairman of Bidco Group, urged the government to support private sector growth by providing tax incentives for companies looking to list. “Banks are investing in Treasury bills and bonds, creating a capital shortage for the private sector. A reset is needed to encourage more listings like SKL’s, which will foster economic growth.”

SKL plans to list by introduction on the NSE’s Small and Medium Enterprises (SME) Market Segment, pending the successful submission of its application to the NSE and the Capital Markets Authority (CMA).

If approved, SKL will become the first packaging solutions company to be listed on the NSE and the exchange’s first new listing since 2020.

With an unwavering commitment to expansion and excellence, SKL is not just making history—it is shaping the future of Kenya’s business sector.

Read Also: Shri Krishana Overseas Announces Intention To List On The NSE

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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