Business Standard

Board of Hathway Cable & Datacom approves issue of 3.08 cr shares to Hathway Investments

Image

Capital Market

At meeting held on 29 August 2018

The Board of Hathway Cable & Datacom at its meeting held on 29 August 2018 has approved -

1.issuance of 30,800,000 equity shares at a price of Rs. 32.35 per equity share including premium of Rs. 30.35 per equity share, which is higher than the issue price determined in accordance with Regulation 76 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, aggregating to Rs. 99.63 crore on preferential basis to Hathway Investments, an entity forming part of promoter group and;

2.private placement offer cum application letter along with the annexures in Form PAS-4 to be issued to Hathway Investments, an entity forming part of promoter group.

 

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2018 | 10:21 AM IST

Explore News