Hathway Cable & Datacom is currently trading at Rs. 272.95, up by 2.90 points or 1.07 % from its previous closing of Rs. 270.05 on the BSE.
The scrip opened at Rs. 270.00 and has touched a high and low of Rs. 278.00 and Rs. 270.00 respectively. So far 42602 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.70 on 19-Nov-2012 and a 52 week low of Rs. 102.00 on 30-Nov-2011.
Last one week high and low of the scrip stood at Rs. 273.70 and Rs. 251.70 respectively. The current market cap of the company is Rs. 3907.87 crore.
The promoters holding in the company stood at 49.57 % while Institutions and Non-Institutions held 43.22 % and 7.21 % respectively.
Hathway Cable & Datacom is likely to cumulatively seed 4.5 million set-top boxes (STBs) in at least 25 cities along with its joint venture partners, falling under the phase II of government mandated digitization. It has already seeded 1.4 million STBs in consumer homes across these cities.
The entity plans to spend around Rs 300 crore for the same. Hathway may not resort to equity financing and the funding for the second phase will be preferably done via debt and vendor financing. The multi-system-operator has a presence in 25 out of the 38 cities where the analogue cable will cease and the switchover to digital addressable systems is mandated by March 31, 2013.
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