Hathway Cable to raise Rs 150 cr

Cable services firm Hathway Cable and Datacom today said it plans to raise Rs 150.40 crore through preferential allotment of shares accounting for 2.83 per cent stake to CLSA Global Markets PTE Ltd.
The company would allot 47,00,000 shares having face value of Rs 10 with a premium of Rs 310 to CLSA Global Markets PTE Ltd.
Hathway has called for an extra ordinary general meeting of the company on October 10 to get shareholders' approval, the company said in a filing to BSE.
"The equity shares shall be issued and alloted by the company to CLSA Global Markets PTE within a period of 15 days from the date of passing resolution," it added.

Promoters are holding 44.74 per cent share in Hathway Cable and Datacom and it would be reduced to 43.48 per cent post allotment.
CLSA Global Markets PTE would have 2.83 per cent of the share after the allotment.