Tycoon Sunil Mittal’s Uganda IPO flops as investors prefer bonds

Tycoon Sunil Mittal’s Uganda IPO flops as investors prefer bonds

Indian billionaire Sunil Mittal’s Airtel Uganda Ltd. failed to sell about half of the shares on offer in its initial public offering as investors stayed away, preferring high-yield government bonds. Airtel said it managed to raise 211.4 billion shillings ($56 million) after selling 54.5% of the 8 billion shares on offer. Retail investors bought just … Read more

Meet Rajan Mittal, business tycoon Sunil Mittal’s brother and VC of Bharti Enterprises: Know about his journey & net worth

Meet Rajan Mittal, business tycoon Sunil Mittal’s brother and VC of Bharti Enterprises: Know about his journey & net worth

Rajan Mittal is the vice-chairman of Bharti Enterprises. The company’s biggest asset is Bharti Airtel, one of India’s largest mobile phone operators. Rajan Mittal’s education Rajan Mittal went to Punjab University for his graduation. He then decided to pursue his master’s degree from the Harvard Business School. Rajan Mittal’s career While Sunil Mittal is the … Read more