Airtel Africa set the price range Monday for its initial public offering (IPO) at 80 pence to 100 pence a share, the telco said in a filing to the LSE.
Airtel Africa plans to proceed with an IPO on the London Stock Exchange, aiming to raise US$750 million, Bharti Airtel said Tuesday.
Singtel completed its subscription to 170.10 million new shares of Bharti Airtel under its rights issue, the Singapore telco said Wednesday.
These are Singapore companies which may be in focus on Wednesday, 28 May 2019: Singtel, Frasers Property, Perennial Real Estate and Accordia Golf Trust.
Airtel Africa plans to seek a potential IPO on the London Stock Exchange, India’s Bharti Airtel said in a letter to the Indian stock exchanges Tuesday.
Singtel’s decision to subscribe for money-losing Bharti Airtel’s rights issue was the right decision, CGS-CIMB said Thursday.
Singtel said Thursday it would take up its full entitlement to Bharti Airtel’s US$3.5B rights issue, subscribing for 170M new shares for around US$525M.
Singtel said on Wednesday that it entered an agreement with its associate, India-based Bharti Airtel, to invest US$250 million, or around S$344 million, in Airtel…