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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 July 19, 2013, has approved, subject to the shareholders and other necessary approvals and compliance with applicable laws and regulations, the issuance of 5275000 fully paid-up equity shares of face value of Rs.10 each (the Equity Shares) of the Company to the investors (as per the list and in such number of Equity Shares as specified against each of their names), at a price of Rs. 284/- per Equity Share aggregating to Rs.149,81,00,000/- (Rupees One Hundred and Forty Nine crores Eighty One Lacs only) by way of a preferential allotment pursuant to the provisions of Section 81(1A) of the Companies Act, 1958 and other applicable legal provisions, including but not limited to Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the Preferential Allotment).
The approval of the shareholders for such issuance and allotment will be sought at an extraordinary general meeting to be held in this regard. |
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