Meet the 15 individuals who own the highest stock ownership positions on the Botswana Stock Exchange.
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As the co-founder of Choppies, Ottapathu owns a controlling 24.48-percent stake in the supermarket chain, totaling 316,353,058 ordinary shares.
Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
Choppies operates as a key player in the food and general merchandise retail sectors under the leadership of Ottapathu.
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
Choppies Enterprises is Botswana’s largest retail chain.
Choppies Enterprises was established in 1986 by Ottapathu and Farouk Ismail.
Ottapathu remains one of Botswana’s wealthiest businessmen, along with his long-time business partner, Farouk.
The $4.12-million decrease in his stake pushed the value of his holding well below the $20-million mark in recent times.