VFD Group Gets SEC Approval To Sell Over 63 Million New Shares To Existing Shareholders

VFD Group Plc, a company described as the ‘Berkshire Hathaway of Nigeria’ has received regulatory approval from the Securities and Exchange Commission (SEC) to undertake rights issues, the company has said.

VFD said it is offering 63,342,455 shares of 50 kobo each at N197.33 per share to existing shareholders.