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Malawi’s richest man sees $89 million decline in FMB Capital stake
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Malawi’s richest man sees $89 million decline in FMB Capital stake
Key PointsHitesh Anadkat has lost nearly $89 million in 25 days as FMB Capital shares slide over 12% on the Malawi Stock Exchange.Anadkat’s 45.32% stake in FMB Capital remains significant, still valued at $645 million despite the sharp market pullback.FMB Capital shares are up nearly 81% year-to-date, highlighting strong long-term gains despite recent volatility.Malawi’s richest man, Hitesh Anadkat, is facing another blow to his fortune, with ne…
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