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Merali sells Airtel stake.
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Boris Boyka
#1 Posted : Friday, March 20, 2015 9:38:10 AM
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Joined: 11/15/2013
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Merali sales airtel stake.

Naushad Merali has sold his remaining stake of 5% in Airtel making him over 700Million. Link Nation fm.
Another query, how did the Mwalimu deal and ECB go?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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  | | Edit by moderator: Friday, March 20, 2015 5:48 PM | Reason: title optimised for search
Sober
#2 Posted : Friday, March 20, 2015 9:43:04 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Boris Boyka wrote:
Naushad Merali has sold his remaining stake of 5% in Airtel making him over 700Million. Link Nation fm.
Another query, how did the Mwalimu deal and ECB go?


The ninja made more in minutes by brokering the Vivendi Kencel deal a couple of years ago. Naushad Merali as the 2nd largest shareholder (40%) had a pre-emptive right that gave him the first opportunity to buy Vivendi’s stake before it was offered to a 3rd party.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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  | | Edit by user: Friday, March 20, 2015 9:47 AM | Reason: Not specified
ngapat
#3 Posted : Friday, March 20, 2015 10:55:17 AM
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Joined: 12/11/2006
Posts: 930
who bought the stakes. could it be equity through finserve
“Invest in yourself. Your career is the engine of your wealth.”
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KondooEconomist
#4 Posted : Friday, March 20, 2015 1:03:53 PM
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Joined: 10/13/2014
Posts: 28
ngapat wrote:
who bought the stakes. could it be equity through finserve


Sold to Bharti Airtel to make their stake 100%
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Boris Boyka
#5 Posted : Friday, March 20, 2015 2:22:53 PM
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www.businessdailyafrica....0/-/5e87yvz/-/index.html
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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chiaroscuro
#6 Posted : Friday, March 20, 2015 2:59:48 PM
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Location: Nairobi
KondooEconomist wrote:
ngapat wrote:
who bought the stakes. could it be equity through finserve


Sold to Bharti Airtel to make their stake 100%


Local shareholder rules?
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chiaroscuro
#7 Posted : Friday, March 20, 2015 3:01:32 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
Boris Boyka wrote:
Naushad Merali has sold his remaining stake of 5% in Airtel making him over 700Million. Link Nation fm.
Another query, how did the Mwalimu deal and ECB go?


Please repair the heading: Sells, not sales.
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Boris Boyka
#8 Posted : Friday, March 20, 2015 3:06:21 PM
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Joined: 11/15/2013
Posts: 1,977
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chiaroscuro wrote:
Boris Boyka wrote:
Naushad Merali has sold his remaining stake of 5% in Airtel making him over 700Million. Link Nation fm.
Another query, how did the Mwalimu deal and ECB go?


Please repair the heading: Sells, not sales.

Thought sell and sale both apply. Lets check dictionary and come back.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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ayushnehra
#9 Posted : Friday, March 20, 2015 5:08:21 PM
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Joined: 1/4/2015
Posts: 153
So Naushad Merali sold his 5% stake in Airtel for approx 770m which can be looked at as , if you think ,values Airtel at (770*20= 15,400) 15.5B ..!! So Airtel at 15.5 B even say 20 B and Safaricom is over 600B..something's not right..maybe he sold the 5% cheap..?? I wish would list at NSE like they have in Zambia.things will become very interesting..!!
Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Pesa Nane
#10 Posted : Friday, March 20, 2015 5:15:51 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
ayushnehra wrote:
So Naushad Merali sold his 5% stake in Airtel for approx 770m which can be looked at as , if you think ,values Airtel at (770*20= 15,400) 15.5B ..!! So Airtel at 15.5 B even say 20 B and Safaricom is over 600B..something's not right..maybe he sold the 5% cheap..?? I wish would list at NSE like they have in Zambia.things will become very interesting..!!

I know zilch about valuations but with the Ghost of CGT ever present....well, lets just say Merali is NOT a stupid thief
Pesa Nane plans to be shilingi when he grows up.
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