Billionaire Sunil Mittal’s Airtel plans Uganda’s biggest IPO
Tuesday, 29 August 2023
Airtel Uganda is planning to raise $216 million in an initial public offering, which would be the nation's largest share sale. The IPO is priced at 100 shillings per share, valuing the telecommunications carrier at 4 trillion shillings. The company aims to sell a 20% stake, or 8 billion shares, on the Uganda Securities Exchange to meet regulatory requirements.
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