As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
"Ramachandran Ottapathu"
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Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
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Choppies operates as a key player in the food and general merchandise retail sectors under the leadership of Ottapathu.
- Southern Africa
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
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Choppies Enterprises is a Gaborone-based supermarket chain.
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Choppies Enterprises is Botswana’s largest retail chain.
- Hot News
Botswana tycoon Ramachandran Ottapathu’s Choppies posts $11 million in profit as earnings soar
Choppies Enterprises was established in 1986 by Ottapathu and Farouk Ismail.
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Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
- Hot News
Botswana tycoon Ramachandran Ottapathu loses $4.1 million from stake in Choppies Enterprises
The $4.12-million decrease in his stake pushed the value of his holding well below the $20-million mark in recent times.
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Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.