GTPL Hathway, a part of Hathway Cable and Datacom is coming out with an initial public offering (IPO) to raise up to Rs 240 crore in a price band Rs 167-170 per equity share. The issue will open on June 21, 2017 and will close on June 23, 2017. The shares will be listed on the BSE and NSE.
The net proceeds from the issue will be utilized towards repayment of loan and other general corporate purpose. JM Financial Institutional Securities, BNP Paribas, Motilal Oswal Investment Advisors and Yes Securities (India) are global book running lead merchant bankers (BRLM) to the issue.
GTPL Hathway provides digital cable television and broadband services. The company provides channels across various genres. It provides facility for renewal or change plans for cable television/broadband package.
