Emtel’s $222 Million IPO Values Telecom Firm as Mauritius’ Fifth Biggest
- Telecom company’s valuation is Mauritian bourse’s 5th biggest
- Share offer opens on May 29, listing is set for July 5
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Emtel Ltd. priced its initial share sale valuing the Mauritian telecommunications company at 10.46 billion rupees ($222 million), people with knowledge of the matter said.
The company is offering shares at 23 rupees apiece, its management told analysts, stockbrokers and fund managers on Friday, the people who attended the briefing said, asking not to be identified before a public announcement.