Held on 09 September 2014
Hathway Cable & Datacom announced that the Board of Directors of the Company at its meeting held on 09 September 2014 have allotted 94 lakh equity shares of Rs 10 each to two funds managed by Capital Research & Management (Capital Group) at a price of Rs 320 per share aggregating to Rs 300.80 crore by way of preferential allotment.Consequent to the preferential allotment, the issue, subscribed and fully paid up equity shares of the Company has increased from 15,19,98,900 equity shares to 16,13,98,900 equity shares. The total shareholding of the promoter/ promoter group entities in the Company now stands reduced from 47.50% to 44.74% of the expanded share capital.
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