Todays' investors briefing check on: http://equitybankgroup.c...x.php/files/download/876

After the DRC acquisition is complete;prepare for a dilution in shareholding as the purchase is being funded by issuing shares to the sellers or Procredit Holdings.
Procredit Holdings will in turn hold 2.3% stake of equity by being issued new shares equivalent to that

What dilution is this people keep talking about. You "give" me a company worth 10 Billion and I give you new shares worth 10 Billion in my company! Who has been diluted? Though the company has more issued shares now, it's now worth the original value + 10 Billion.

It even gets better. I get a going concern at zero financing cost!

Would you rather own 50% of Buru Buru or 25% of Nairobi!??

I agree with @maichblack. There is no 'dilution' coz Equity had a choice either to pay cash [which is real cash] or use its shares [PB of 2] to buy a business.

In this case, Equity learnt its lesson from Uganda by issuing shares [probably with a clawback option] for an asset. If the book is not as good as claimed then Equity [maybe] can clawback some shares. Equity trades at 2x BV so it's a good deal in my view.

Rights Issues (for solid firms) during bear markets are good for long-term investors.