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@kfm Tue, 29 Aug 2023 13:17:19

Airtel share price set at Shs100

Telecommunication firm, Airtel Uganda says it had set the price for its initial public offering at Shs100 a share, ahead of its listing on the Uganda stock market exchange in early October this year. Airtel Uganda’s managing director, Mr. Manoj Murali says the company is offering 8 billion shares worth Shs800 billion. He says the company aims to raise Shs800 billion by selling a 20% stake to drive its expansion plans. “Airtel has established itself as the most innovative cellular mobile network operator in Uganda by introducing many firsts in the country’s telecommunication market. The Initial Public Offer will see eight billion shares existing ordinary shares of the company making 20% of the company made available and it will be […]

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