Malawian mogul Hitesh Anadkat earns $1.34 million in 15 days as TNM results trigger surge in stock price
The gain can be attributed to swift investor reactions after the telecom company’s half-year earnings were published.
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The gain can be attributed to swift investor reactions after the telecom company’s half-year earnings were published.
Telekom Networks Malawi is the oldest telecom company in Malawi.
The gains came off the back of a resurgence in investor interest in the Botswana-based microfinance holding.
The $764,000-gain can be linked to a rise in the market value of Anadkat’s stake in Letshego Holdings.
The increase can be linked to gains in the group’s shares on the Malawi Stock Exchange.
Founded in 1995, the company is Malawi’s first private bank.