Page 2 - Jio Cable News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Move comes a month after Reliance offloaded 19.1 per cent stake in Hathway. 24 Apr, 2021 - 08:58 AM IST     |     By indiantelevision.com Team     NEW DELHI: Reliance Industries is preparing to sell 11.61 per cent of its stake in Hathway Cable & Datacom to comply with SEBI’s minimum public holding norms. Through offers for sale (OFS), Reliance plans to offload Hathway shares worth Rs 442 crore, bringing down its holding in the cable company to 75 per cent from 86.6 per cent earlier. According to exchange filings, Hathway promoters Jio Content Distribution Holdings, Jio Internet ...

Reliance Industries (RIL)-promoted Hathway Cable & Datacom will launch an offer for sale (OFS) on Monday -- the second time in a month it will be doing so. The last OFS for Rs 853 crore was partially subscribed. This month, the company will launch a Rs 442-crore share sale, offloading 205.44 million shares, or an 11.61 per cent stake, at a floor price of Rs 21.50. Promoter group firms that will sell shares include Jio Content Distribution Holdings, Jio Internet Distribution Holdings, and Jio Cable and Broadband Holdings. The share sale by these firms is aimed at achieving minimum public hol...

Hathway Cable’s offer for sale opens on Monday April 23, 2021 Hathway Cable & Datacom, which recently called-off a scheme of arrangement involving Den Networks and others, is launching an offer for sale by its promoter group companies Jio Content Distribution Holdings, Jio Internet Distribution Holdings and Jio Cable and Broadband Holdings. The promoters will sell up to 20.544 crore shares, representing 11.61 per cent stake in the company, through an offer for sale, the company said in an exchange filing. The floor price for the sale is set at ₹21.50 a share. The offer for sale will open...