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Digital Edge
Hathway
lines up 5 anchor investors for Rs 1.2 bn
Indiantelevision.com
Team
(Updated at 8 February 2010
9:35 pm) (8 February 2010 6:05 pm)
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
CopthallMauritius 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.
