As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
Choppies
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Ismail owns 14.99 percent of Choppies Enterprises, or 271,691,921 shares.
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Their prowess has not only caught the attention of Western retailers seeking new avenues for growth but has also steered the course …
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Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
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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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Botswana tycoon Ramachandran Ottapathu’s Choppies expects 174-percent surge in H2 earnings
Ottapathu and Farouk Ismail, who occupy key roles in the store, control a combined 44.5-percent interest in Choppies Enterprise.
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Ramachandran Ottapathu’s Choppies posts profit for first time since 2016, earnings surge above $5 million
Choppies Enterprises Limited is a Botswana-based investment holding company operating in the retail sector in Southern Africa.Â
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The multimillionaire has played an influential role in the growth and development of Botswana’s real estate sector.
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Choppies’ share price on the Botswana Stock Exchange has lost 9 percent of its value since the start of June.