The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
Ramachandran Ottapathu
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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.
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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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Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
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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 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.