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Airtel Uganda to roll out $216 million IPO
Mint Mumbai
|August 30, 2023
Billionaire Sunil Mittal backed telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings or $216 million in an initial public offering (IPO), it said in a statement Tuesday.
The company set the price for its initial public offering (IPO) at 100 Ugandan shillings (UGX) apiece, and will offer up to 20% stake or 8 billion shares, the company told the Uganda Securities Exchange. The IPO also fulfills regulatory requirements under which the company has to mandatorily. list by 16 December.
Cette histoire est tirée de l'édition August 30, 2023 de Mint Mumbai.
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