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Hathway Cable & Datacom Ltd board to consider raising of funds

Posted On: 2018-07-12 11:49:49

A meeting of the Board of Directors of Hathway Cable & Datacom Ltd is proposed to be held on Friday, 20th July, 2018 to, consider and approve the raising of funds through preferential issue of equity shares or any other permitted instrument by the Company pursuant to Section 42 and Section 62(1)(c) and all other applicable provisions, if any, of the Companies Act, 2013 and rules made there under (including any statutory modification), subject to such regulatory / statutory approvals, as may be required, including approval of the shareholders of the Company (Fund Raising).

The board will approve draft notice of postal ballot to be issued to the shareholders for seeking their approval for the proposed Fund Raising and increasing the existing limit for creation of charge on the assets of the Company by way of mortgage / hypothecation / charge over all or any part of the movable and/or immovable properties from Rs. 2,000 crores to Rs. 2,700 crores under section 180 (1)(a) of the Companies Act, 2013.

Shares of Hathway Cable & Datacom Ltd was last trading in BSE at Rs.17.7 as compared to the previous close of Rs. 18.55. The total number of shares traded during the day was 265496 in over 499 trades.

The stock hit an intraday high of Rs. 18.65 and intraday low of 17.55. The net turnover during the day was Rs. 4774987.


Source: Equity Bulls

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