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Hathway Cable rises on plan to spend Rs 600 crore for phase two of digitization

26 Apr 2012 Evaluate

Hathway Cable & Datacom is currently trading at Rs. 155.15, up by 0.70 points or 0.45% from its previous closing of Rs. 154.45 on the BSE.

The scrip opened at Rs. 156.15 and has touched a high and low of Rs. 157.45 and Rs. 155.15 respectively. So far 8998 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.80 on 13-Feb-2012 and a 52 week low of Rs. 72.00 on 06-Sep-2011.

Last one week high and low of the scrip stood at Rs. 174.25 and Rs. 150.35 respectively. The current market cap of the company is Rs. 2227.86 crore.

The promoters holding in the company stood at 49.57% while Institutions and Non-Institutions held 38.55% and 11.89% respectively.

Hathway Cable & Datacom is likely to spend Rs 500-600 crore for the second phase of digitization and it is looking for various options to raise these funds. It has already pumped in Rs 300 crore for the first phase of mandatory digitization, where households in New Delhi, Kolkata, Chennai and Mumbai will have to move to digital formats by June 30.

In the first phase about 8-10 million subscribers are expected to go digital across all the four cities. About 7.5 lakh subscribers have already installed set top boxes and it expect to upgrade about 2 million subscribers for the first phase of digitization across Mumbai, New Delhi and Kolkata.

Hathway Cable & 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  

Hathway Cable & Data Share Price

11.58 0.33 (2.93%)
15-Apr-2026 16:59 View Price Chart
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