 "RIL has been bringing down its stake in Hathway to meet minimum public holding norms")
Reliance Industries (RIL)-promoted Hathway Cable & Datacom will launch an offer for sale (OFS) on Monday -- the second time in a month it will be doing so. The last OFS for Rs 853 crore was partially subscribed.
This month, the company will launch a Rs 442-crore share sale, offloading 205.44 million shares, or an 11.61 per cent stake, at a floor price of Rs 21.50. Promoter group firms that will sell shares include Jio Content Distribution Holdings, Jio Internet Distribution Holdings, and Jio Cable and Broadband Holdings.
The share sale by these firms is aimed at achieving minimum public holding in
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