Hathway Cable to raise Rs 150 cr via preferential allotment
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09 Oct 2014
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Hathway Cable & Datacom, one of the largest Digital Cable TV and Broadband Internet Services provider in India, on Thursday said the board of company has approved the proposal to raise Rs 150 crore through preferential allotment of equity share. “The Board of Directors of the Company at its meeting held on September 10, 2014, has approved, the issuance of up to 47,00,000 fully paid-up equity shares of face value of Rs 10 each to CLSA Global Markets Pte. Ltd at a price of Rs 320 per equity share aggregating to Rs 150.40 crore by way of a preferential allotment in one or more tranches,” Hathway Cable & Datacom said in a filing to Bombay Stock Exchange. The approval of the shareholders for such issuance and allotment will be sought at an extraordinary general meeting to be held in this regard, it said in filing. Boosted by development, shares of company were trading at Rs 310.00 apiece, up 2.5 per cent from previous close on BSE at 15:10 hours. |
| Source: Dion Global Type: IPO Related |
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