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MUMBAI: After getting shareholder
nod to raise Rs 300.80 crore at the
EGM on 5 September, Multi system
operator (MSO) Hathway Cable &
Datacom has now announced that its
Board of Directors has approved
raising of more Rs 150.40 crore
through preferential allotment of
shares. The announcement was made
after a meeting of Board of Directors
held today.
The MSO in a statement on the BSE
said, ‘subject to the shareholders and
other necessary approvals and
compliance with applicable laws and
regulations, the issuance of up to
47,00,000 fully paid-up equity shares
of face value of Rs 10 each (the
Equity Shares) of the Company to the
following investor (as per the list
mentioned below ), at a price of Rs
320 per equity share aggregating to
Rs 150,40,00,000 (Rupees one
hundred fifty crore forty lakh only)
by way of a preferential allotment
pursuant to the provisions of Section
42 and 62 (l)(c) of the Companies
Act, 2013 and other applicable legal
provisions, including but not limited
to Chapter Vll of the Securities and
Exchange Board of India (Issue of
Capital and Disclosure Requirements)
Regulations, 2009, as amended.’
Hathway will be allotting 47 lakh
shares to CLSA Global Market PTE
pursuant to preferential allotment for
Rs 150.40 crore.
The approval of the shareholders for
this issuance and allotment will be
sought at an extraordinary general
meeting to be held in this regard
later.
During the EGM held on 5
September, Hathway had got
shareholders approval to raise Rs
300.40 crore. Capital Partners'
Smallcap World Fund and Global
Small Capitalisation Fund bought a
total of 94 lakh shares for the fund
raising.
Hathway gets board approval to raise Rs 150.40 crore | Indian Television Dot Com
nod to raise Rs 300.80 crore at the
EGM on 5 September, Multi system
operator (MSO) Hathway Cable &
Datacom has now announced that its
Board of Directors has approved
raising of more Rs 150.40 crore
through preferential allotment of
shares. The announcement was made
after a meeting of Board of Directors
held today.
The MSO in a statement on the BSE
said, ‘subject to the shareholders and
other necessary approvals and
compliance with applicable laws and
regulations, the issuance of up to
47,00,000 fully paid-up equity shares
of face value of Rs 10 each (the
Equity Shares) of the Company to the
following investor (as per the list
mentioned below ), at a price of Rs
320 per equity share aggregating to
Rs 150,40,00,000 (Rupees one
hundred fifty crore forty lakh only)
by way of a preferential allotment
pursuant to the provisions of Section
42 and 62 (l)(c) of the Companies
Act, 2013 and other applicable legal
provisions, including but not limited
to Chapter Vll of the Securities and
Exchange Board of India (Issue of
Capital and Disclosure Requirements)
Regulations, 2009, as amended.’
Hathway will be allotting 47 lakh
shares to CLSA Global Market PTE
pursuant to preferential allotment for
Rs 150.40 crore.
The approval of the shareholders for
this issuance and allotment will be
sought at an extraordinary general
meeting to be held in this regard
later.
During the EGM held on 5
September, Hathway had got
shareholders approval to raise Rs
300.40 crore. Capital Partners'
Smallcap World Fund and Global
Small Capitalisation Fund bought a
total of 94 lakh shares for the fund
raising.
Hathway gets board approval to raise Rs 150.40 crore | Indian Television Dot Com
