Tanganda closes $8M rights offer, handing Innscor 27% control

Tanganda Tea CompanyDealroom has a profile for this one. Try Dealroom → has completed a US$8 million rights offer, issuing 264.02 million new shares at about three US cents each. Existing shareholders subscribed for US$3.65 million, while underwriter Rutanhi Beverages took up the remaining US$4.35 million.

The transaction leaves Innscor AfricaDealroom has a profile for this one. Try Dealroom → with about a 27% stake in Tanganda and board-level control through its beverage investment vehicle. The fresh capital lifted Tanganda's cash balance to US$5.18 million as of 31 March 2026, but the listed tea and agriculture group still faces a recovery test in crop yields and operating cash flow.

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