Indian billionaire Sunil Mittal’s Airtel Uganda Ltd. failed to sell about half of the shares on offer in its initial public offering (IPO), as investors stayed away, preferring high-yield government bonds, a media report said.
This listing now values Uganda's total market capitalization at Shs11 trillion, or 6 percent of the country's GDP and will make it the second telecom to go public after MTN Uganda in 2021
Sunil Mittal s Airtel Uganda IPO failed to sell as investors prefer bonds business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
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