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| Exchange Disseminated Time | Hathway Cable & Datacom Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 14, 2014, has transacted the following:
1. Preferential allotment of equity shares of the Company
The Board of Directors of the Company at its meeting held on October 14, 2014, have allotted 47,00,000 fully paid-up equity shares of face value of Rs.10 each (the Equity Shares) of the Company to the following allottee at a price of Rs. 320/- per Equity Share (inclusive of premium of Rs. 310/- per Equity Share) aggregating to Rs. 150,40,00,000/- (Rupees One Hundred Fifty Crores Forty Lacs only) by way of a preferential allotment (the Preferential Allotment):
Name of Allottee : CLSA Global Markets Pte. Ltd
Category : Public
No. of Equity Shares to be allotted pursuant to the Preferential Allotment : 47,00,000
The Preferential Allotment has been made pursuant to the provisions of Sections 42 and 62(1)(c) and all other applicable provisions, if any, of the Companies Act, 2013 and rules made there under (including any statutory modification thereof for the time being in force), including but not limited to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended (ICDR Regulations) the Reserve Bank of India (RBI), the Government of India or any other competent authority and clarifications, if any, issued thereon from time to time by the appropriate authorities, and subject to the provisions of the Foreign Exchange Management Act, 1999 (including any statutory modification(s) or re-enactment thereof), and as per the consent accorded by the shareholders of the Company at its extraordinary general meeting held on October 10, 2014.
2. Increase in the share capital of the Company
Consequent to the Preferential Allotment, the issued, subscribed and fully paid-up Equity Shares of the Company has increased from 16,13,98,900 Equity Shares to 16,60,98,900 Equity Shares. The total shareholding of the promoter / promoter group entities in the Company now stands reduced from 44.74% to 43.48% of the expanded share capital.
3. Ranking of the Equity Shares / Lock-in
The Equity Shares so allotted shall rank pari-passu with the existing Equity Shares of the Company, including dividend, if any. As per the provisions of the ICDR Regulations, the Equity Shares allotted to CLSA Global Markets Pte. Ltd shall be locked in for a period of 1 year, from the date of receipt of Trading Approval. |
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