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Board of Hathway Cable & Datacom approves preferential allotment of shares

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At meeting held on 10 September 2014

Hathway Cable & Datacom announced that the Board of Directors of the Company at its meeting held on 10 September 2014, has approved, subject to the shareholders and other necessary approvals and compliance with applicable laws and regulations, the issuance of up to 47,00,000 fully paid-up equity shares of face value of Rs. 10 each (the Equity Shares) of the Company to CLSA GLOBAL MARKET (FII) at a price of Rs. 320/- per Equity Share aggregating to Rs. 150.40 crore by way of a preferential allotment.

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First Published: Sep 11 2014 | 4:57 PM IST

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