Choppies share price jumps on JSE debut

Ottapathu
Ottapathu

Just a few moments after listing on the main board of the Johannesburg Stock Exchange (JSE) yesterday, Choppies Enterprises’ share price rose by four percent.

According to a press release from Choppies, the retailer’s share price increased from R4.90 (P4.02) to R5.10 (P4.16) per share shortly after the 9am listing.

Group chief executive officer (CEO), Ramachandran Ottapathu expressed delight, stating that the listing on the JSE has led to a broader shareholding in the company. He welcomed the new shareholders to the company, noting that Choppies offers a compelling investment case because of its growth trajectory and cash rich business.

Editor's Comment
Let the law take its course

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