Airtel Uganda, will today, August 30th 2023, at 10 am, begin selling 8 billion shares (20% of the issued 40 billion shares) for UGX100 each, also known as IPO, in a sale expected to fetch the original shareholders- a handsome UGX800 billion. The offer price values the company, which doesn’t include Airtel Mobile Commerce Limited (AMCUL), at UGX4 trillion. The offer shall close on 13th October 2023 at 0400pm. Results of the allocation shall be announced on 30th October 2023 at 04:00 pm and thereafter the company shall on 31st October 2023, list the entire 40 billion shares on the…
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