Shares of Vasa Denticity surged 20% after investor Ashish Kacholia acquired a stake in the company. Kacholia purchased approximately 4.39 lakh shares while some existing shareholders sold their shares. Since its listing on the NSE SME platform, the stock has nearly tripled, increasing by around 207%. Vasa Denticity is an e-commerce dental products company and has plans to expand its portfolio and become a hub of innovation and quality for dental professionals. The company has shown strong financial growth with a high return on equity and capital employed, as well as increasing revenue and orders.
WHERE IS FIBRE?
Despite being the pioneers in the Nigerian property tech space, Fibre has had a silent couple of weeks. On an office Slack channel last year, Lanre even asked, “what’s happening with Fibre?”
It seemed like a good story angle so I reached out to the company’s Director of Operations, Munachi Ogbonna and we had an interesting conversation. He said Fibre’s silence is intentional because they’re working on some changes to the business.
Some of these changes are from constructive feedback they got from customers. He spoke frankly about some of the challenges involved in running a property tech business. So, I figured, why not turn it into a holistic conversation?