Airtel Uganda to sell shares left over from IPO

KAMPALA: Telecom firm Airtel Uganda , a unit of India’s Bharti Airtel, said on Wednesday it plans to sell shares left over from its undersubscribed initial public offering to comply with regulatory requirements.

Last year, the firm sold just 54.45% of the 8 billion shares in an initial public offering meant to raise 800 billion Ugandan shillings ($216.22 million).