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India : BOARD approves HATHWAY to raise Rs 150.40 crore [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Hathway Cable & Datacom, Multi system operator (MSO), declared that its Board of Directors has given approval to increase of more Rs 150.40 crore via preferential allotment of shares. Hathway will be providing 47 lakh shares to CLSA Global Market PTE pursuant to preferential allotment for Rs 150.40 crore. At an extraordinary general meeting, the approval of the shareholders for this issuance and allotment will be sought. The MSO stated "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 had received shareholders approval to raise Rs 300.40 crore during the EGM held on 5 September. Capital Partners' Smallcap World Fund and Global Small Capitalisation Fund purchased a total of 94 lakh shares for the fund raising. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |