Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account


{myadvertisements[zone_1]}
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Airtel Nigeria set to join MTN on Nigerian Stock Exchange
#1
Airtel Nigeria set to join MTN on Nigerian Stock Exchange

[Image: Airtel-Nigeria.jpg?resize=770%2C515&ssl=1]

Following the listing of MTN Nigeria’s shares on the Nigerian Stock Exchange (NSE) in May, Airtel Nigeria has also filed an application with the Securities and Exchange Commission (SEC) to join the nation’s stock market.
The application, which was reportedly filed two weeks ago, is currently being examined by the SEC.
According to a source from the stock market regulator, the application would be given express consideration if the company met all the requirements for listing on the nation’s bourse.


The parent company of the telco, Bharti Airtel, in its filing in London on Monday, said that it intended to list the shares on the NSE at the same time with the listing of its Africa unit at the London Stock Exchange.

But the company added that the plans were subject to regulatory approval of the SEC and the NSE.
Its African unit had been set at a share price of 80 to100 pence a share for its initial public offer on the LSE to raise about $750m.
The IPO is expected to include approximately 595.2 million to 744.0 million new shares to be issued.

Reply
{myadvertisements[zone_3]}


Possibly Related Threads...
Thread Author Replies Views Last Post
  Flour Mills of Nigeria’s Q3 profit rises 3.4%, set to raise N20bn debt Edoman 0 7 02-13-2020, 12:09 PM
Last Post: Edoman
  87% Nigeria’s Poverty Rate In North – World Bank Edoman 0 13 02-11-2020, 01:43 PM
Last Post: Edoman
  Arik Air To Be Renamed Nigeria Eagle Edoman 0 35 02-07-2020, 05:31 PM
Last Post: Edoman
  Nigeria Customs intercept $8m cash at Lagos Airport; arrest driver (photo) Edoman 0 23 02-04-2020, 02:26 PM
Last Post: Edoman
  NCC approves Airtel’s move to disconnect Globacom network over debt Edoman 1 153 02-01-2020, 11:00 AM
Last Post: ClaudiaHarriet
  Nigeria needs $85b for SDGs, says UN Edoman 0 23 01-29-2020, 12:25 PM
Last Post: Edoman
  Vitafoam Nigeria doubles pre-tax profit to N1.18b Edoman 0 27 01-28-2020, 02:39 PM
Last Post: Edoman
  Nigeria’s collective investment funds hit N1tr Edoman 0 32 01-22-2020, 04:25 PM
Last Post: Edoman



Users browsing this thread: 1 Guest(s)

{myadvertisements[zone_2]}

About contripeople

Contripeople forum description.

              Quick Links

              User Links

              Advertise