Ottapathu-led consortium moves for majority stake in Engen Botswana

Friday, April 24, 2026 | 20 Views |

Taken over: Fusion Spark is taking over Vivo’s stake in Engen Botswana

Business magnate Ramachandran Ottapathu is set to acquire a 70% shareholding in Engen Botswana Limited through a consortium, marking a significant development in the country’s energy sector.

The proposed transaction remains subject to regulatory approvals, and until completion, Engen Botswana will continue to operate as normal, a statement released last week reads.

The acquisition is being undertaken through Fusion Spark Proprietary Limited, a consortium comprising Mount Meru Group and Ottapathu. According to records from the Companies and Intellectual Property Authority (CIPA), Ottapathu is the beneficial owner of Fusion Spark with 100% shareholding.

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