Technology

Hathway lines up 5 anchor investors for Rs 1.2 bn

MUMBAI: Hathway Cable & Datacom has lined up five anchor investors who are putting in Rs 1.2 billion for 18 per cent of the IPO.
 
Copthall Mauritius Investment (a Goldman Sachs firm), Reliance Capital Trustee Co, Franklin Templeton, DSP BlackRock and Tree Line Asia Master Fund have come in as anchor investors at Rs 240 per share, the lower tip of the IPO price band.









































Investor


Shares


Total price


Franklin Templeton


2,083,425


Rs 500,022,000


DSP BlackRock


1,187,550


Rs 285,012,000


Reliance Capital Trustee Co


416,675


Rs 100,002,000


Copthall Mauritius Investment


416,675


Rs 100,002,000


Tree Line Asia Master Fund


890675


Rs 213,762,000


Total


4,995,000


Rs 1,198,800,000


India‘s most valued cable TV company plans to raise Rs 7.35 billion at the upper and Rs 6.66 billion at the lower price band.


Hathway‘s initial public offering opens for subscription on 9 February and closes on 11 February. The leading multi-system operator (MSO) will have a public issue of up to 27.75 million, consisting of a fresh issue of up to 20 million equity shares (Rs 10 each) and an offer for sale of 7.75 million.

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