Hathway to raise Rs 300.80 crore from FIIs

[Dileep Kumar]

MUMBAI: It continues to be the darling of investors globally. After attracting investments from Providence Capital, Indian MSO Hathway Cable & Datacom has got board approval to raise Rs 300.80 crore through a preferential allotment to two foreign institutional investors – the SmallCapWorld Fund (SWF) and American Funds Insurance Series. While it is proposing to allot 70,50,000 shares to SmallCapWorld Fund, American Funds Insurance is expected to mop up 23,50,000 equity shares.
The price that has been fixed is Rs 320 per share and the preferential issue is subject to shareholder and other necessary approvals and compliance with applicable laws and regulations.
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Hathway to raise Rs 300.80 crore from FIIs | Indian Television Dot Com