Jagdish bags P30m in CA Sales shares sale

CA Sales is selling 136 million shares at P3.45 each to both institutional and individual investors as part of plans that will see the company list on the Botswana Stock Exchange (BSE) on November 8, 2017.

The bulk of the shares are being sold through a private placement to institutional investors with only 27 million shares offered to individual investors through an Initial Public Offer (IPO). The IPO opened last Thursday and closes on November 1, 2017. The company, which is a service provider in the Fast Moving Consumer Goods (FMCG) industry, has its origins in Botswana but is now South African domiciled with operations in seven other African countries.