BTCL risks lawsuit over share price fall

Friday, July 15, 2016

Market analysts believe investors who have lost money through the tumbling BTCL share price can sue the company for failure to disclose full information on the Botswana Privatisation Asset Holdings (BPAH).

The telecoms company did not disclose fully on the functioning of BPAH, which was supposed to act as a market maker to protect the share price as well as facilitate for shares to remain in the hands of Batswana.

Instead, three months after BTCL listing, BusinessWeek has learnt that the market maker is yet to start functioning.

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