Transcorp Power starts first day of trading, gains 10% of N1.98 trillion
By Naomisophyblog
Transcorp Power Plc is listed on the Nigeria Exchange on Monday, March 4th gaining 10% and closing at a share price of N264 per share.
This gives us a valuation of N1.98 trillion meaning it gained a whopping N180 billion on the first day of trading.
The company which is listed by introduction on the exchange at a share price of N240 per share is part of the Transcorp Group conglomerate which includes power, hospitality and manufacturing.
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The company becomes the second Power company listed on the exchange following Geregu Power Plc.
