Hathway Cable & Datacom is planning to raise funds through preferential allotment of equity shares. The company plans to issue up to 47,00,000 shares fully-paid equity shares to CLSA Global Markets at Rs 320 per share aggregating up to Rs 150.40 crore on a preferential allotment basis in one or more tranches.
Further, Macquarie Bank acquired 40.73 lakh shares of the company at an average price of Rs 304.72 per share in bulk deals on October 8, 2014.
Hathway Cable and Datacom is a leading cable television services provider in India as well as one of the leading cable broadband services providers. It offers analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 18 cities, operating in geographical regions which it believes to constitute important markets for advertisers and broadcasters.
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