Hathway Cable dives 8% as Jio Content Distribution and other promoters begin sale of 19.09% stake via offer for sale today

The issue will continue on March 30 next week for retail investors and those investors who have chosen to carry forward their un-allocated bids.

Mar 26, 2021 12:03 IST India Infoline News Service

GTPL Hathway
Hathway Cable & Datacom Limited was in focus on Friday as the promoters Jio Content Distribution Holdings, Jio Internet Distribution Holdings and Jio Cable and Broadband Holdings began their offer for sale to offload a 19.09% stake of the company on stock exchanges.

As per the regulatory filing, the promoters mentioned above has proposed to sell 33,79,83,855 equity representing 19.09% of the total issued and paid-up equity share capital of Hathaway.

Non-retail investors can subscribe to Hathway's offer today.

The issue will continue on March 30 next week for retail investors and those investors who have chosen to carry forward their un-allocated bids.

A floor price of Rs25.25 per equity share has been fixed on the OFS.

At around 12.01 pm, Hathway was trading at Rs26.40 per piece down by 7.69% on Sensex. The stock has tumbled to an intraday low of Rs26.30 per piece in early deals. 

Related Story

Open Free Demat Account (Rs699)