Airtel Africa Ltd, a unit of India’s Bharti Airtel Ltd, on Monday said it will now list its Nigerian unit about the same time of its planned listing of the African business on the London Stock Exchange.
The group has already set a price range of 80 to 100 pence per share for its planned initial public offering on the London Exchange.
The London IPO is expected to raise 595 million pounds ($749.05 million) from the issuance of about 595.2 million to 744 million new shares.
The company said the price range values it between 3.01 billion pounds and 3.62 billion pounds at the price range.
The company said conditional dealings in its shares are expected to begin on or around June 28 and the final pricing will be announced the same day.
