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21-Jan2013

Hathway Cable shines on acquiring balance stake in Hathway Bhaskar Multinet

Hathway Cable & Datacom is currently trading at Rs. 279.00, up by 2.85 points or 1.03% from its previous closing of Rs. 276.15 on the BSE.

The scrip opened at Rs. 278.60 and has touched a high and low of Rs. 283.40 and Rs. 277.15 respectively. So far 4,016 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.00 and a 52 week low of Rs. 129.55. The current market cap of the company is Rs. 3,991.00 crore.

The promoters holding in the company stood at 49.57% while Institutions and Non-Institutions held 43.22% and 7.21% respectively.

Hathway Cable & Datacom has acquired the balance stake in the share capital of Hathway Bhaskar Multinet so as to increase its holding in the said entity to 100% of the share capital.

Hathway Bhaskar Multinet, which is presently a subsidiary, is a Multi System Operator with Cable Television distribution networks in the cities of Bhopal, Indore and Jaipur.

Hathway Cable and Datacom is a leading cable television services provider in India as well as one of the leading cable broadband services providers. It offers analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 18 cities, operating in geographical regions which it believes to constitute important markets for advertisers and broadcasters.   


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