Hathway cable raised close to Rs 100 crore from promoter group entity

Epic Research Update : Hathway Cable
Cable services provider Hathway Cable and Datacom have raised close to Rs 100 crore through allotment of equity shares to a promoter group entity on preferential basis.

“The board of directors of the company… approved the allotment of 30,800,000 fully paid-up equity shares… the company to Hathway Investments, an entity forming part of the promoter group, at a price of Rs 32.35 per share aggregating to Rs 99.63 crore on preferential basis,”

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