Botswana tycoon Ramachandran Ottapathu loses $4.1 million from stake in Choppies Enterprises
The $4.12-million decrease in his stake pushed the value of his holding well below the $20-million mark in recent times.
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The $4.12-million decrease in his stake pushed the value of his holding well below the $20-million mark in recent times.
Ottapathu and his long-term business partner, Farouk Ismail, founded Far Property in June 2010.
Ottapathu and Farouk Ismail, who occupy key roles in the store, control a combined 44.5-percent interest in Choppies Enterprise.
Choppies is a Botswana-based investment holding operating in the retail sector in Southern Africa.
Choppies Enterprises Limited is a Botswana-based investment holding company operating in the retail sector in Southern Africa.
Ottapathu has played a key role in the growth and development of Botswana’s real estate sector.