Hathway Cable shines on getting nod to elevate finances worth Rs 2940 crore on preferential foundation

Hathway Cable shines on getting nod to elevate finances worth Rs 2940 crore on preferential foundation

by admin- Friday, October 19th, 2018 03:26:17 PM

Hathway Cable & Datacom is currently trading at Rs. 30.25, up via zero.Seventy five factors or 2.Fifty four% from its previous final of Rs. 29.50 on the BSE.

The scrip opened at Rs. 32.45 and has touched a excessive and coffee of Rs. 32.Forty five and Rs. 30.10 respectively. So some distance 1480339 stocks have been traded on the counter.

The BSE group ‘B’ stock of face fee Rs. 2 has touched a fifty two week high of Rs. 48.50 on 15-Jan-2018 and a fifty two week low of Rs. 15.15 on 17-Jul-2018.

Last one week high and occasional of the scrip stood at Rs. 32.Forty five and Rs. 27.10 respectively. The cutting-edge market cap of the corporation is Rs. 2614.03 crore.

The promoters conserving inside the employer stood at forty five.50%, while Institutions and Non-Institutions held 26.31% and 28.19% respectively.

Hathway Cable and Datacom has acquired an approval for raising of finances up to Rs 2940 crore with the aid of manner of creating, supplying, issuing and dispensing, in a single or more tranches (Proposed Preferential Allotment) ninety,88,10,000 equity stocks of face fee Rs 2 each of the corporation at an difficulty charge of Rs 32.35 in line with fairness share on preferential foundation. The Board of Directors of the business enterprise at their meeting hung on October 17, 2018, authorised the equal.

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