Business

Choppies directors raise P200m in property firm listing

Friday, April 01, 2016

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Choppies directors, Ramchandran Ottapathu and Farouk Ismail will raise P200 million from selling 80 million shares in Far Property Company (FPC) ahead of the company’s listing on the Botswana Stock Exchange (BSE) early May.

The 80 million shares comprise 40 million existing shares and another fresh issue of another 40 million shares.

According to the FPC prospectus, a share is being sold at P2.57 each.

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