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Hathway Cable spurts on getting nod to raise funds worth Rs 99.63 crore

29 Aug 2018 Evaluate

Hathway Cable & Datacom is currently trading at Rs. 19.25, up by 1.85 points or 10.63% from its previous closing of Rs. 17.40 on the BSE.

The scrip opened at Rs. 17.60 and has touched a high and low of Rs. 20.00 and Rs. 17.60 respectively. So far 325424 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 48.50 on 15-Jan-2018 and a 52 week low of Rs. 15.15 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 20.00 and Rs. 17.25 respectively. The current market cap of the company is Rs. 1586.24 crore.

The promoters holding in the company stood at 43.48%, while Institutions and Non-Institutions held 27.67% and 28.85% respectively.

Hathway Cable and Datacom has received an approval for raising of funds through issuance of 30,800,000 equity shares at a price of Rs 32.35 per equity share including premium of Rs 30.35 per equity share, which is higher than the issue price determined in accordance with Regulation 76 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, aggregating to Rs 99.63 crore on preferential basis to Hathway Investments, an entity forming part of promoter group. The Board of Directors of the company at its meeting held on August 29, 2018, approved the same.

Hathway Cable and Datacom is a multi-system operator providing cable television network services, Internet services and allied services. Its product portfolio includes cable television (standard definition and high definition (HD) services, and broadband services. It offers cable television services in over 200 cities and towns.

Hathway Cable & Data Share Price

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