Hathway Cable and Datacom has received an approval for raising of funds up to Rs 2940 crore by way of creating, offering, issuing and allotting, in one or more tranches (Proposed Preferential Allotment) 90,88,10,000 equity shares of face value Rs 2 each of the company at an issue price of Rs 32.35 per equity share on preferential basis. The Board of Directors of the company at their meeting held on October 17, 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.
