Hathway sells its 0.83% stakes to Reliance Capital Trust
February 20, 2013
Source: MM Network
Cable television service operator Hathway Cable & Datacom sold its 0.83% stakes to Mumbai based Reliance Capital Trustee Company Ltd. increasing its holding from 6.58% to 7.39% for Rs 27.56 crore.
Reliance Capital Trustee, a subsidiary of Reliance Capital, bought 1.16 million shares or 0.81% stake in Hathway Cable & Datacom through open market transaction for Rs 236.80 per share.
Reliance Capital, a constituent of CNX Nifty Junior and MSCI India, is a part of the Reliance Group. It is one of India's leading and amongst most valuable financial services companies in the private sector.Hathway Cable & Datacom Ltd is a major cable television service operator in India that is based in Mumbai.