August 2, 2018 / 9:34 AM / 17 days ago

Uganda's Cipla Quality Chemical Industries says plans IPO, listing

KAMPALA (Reuters) - Uganda’s Cipla Quality Chemical Industries Ltd, a pharmaceuticals maker, said on Thursday it was planning an initial public offering of part of its equity and a listing on the East African country’s stock exchange.

In a statement, it said each of its shareholders would be “selling a minority of their stakes” in the IPO and that the transaction and potential listing had received regulatory approvals.

Reporting by Elias Biryabarema; editing by Jason Neely

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