PUNE: GTPL
Hathway Limited proposes to open on June 21, 2017, an initial public
offering (IPO) of equity shares of face value of Rs. 10 each for cash
(including a share premium) comprising of a fresh issue of Equity Shares aggregating
up to Rs. 2,400 million.
And an offer for sale of up to 14,400,000 Equity Shares - comprising
up to 1,136,000 Equity Shares by Aniruddhasinhji Jadeja, up to 440,000 Equity
Shares by Kanaksinh Rana, up to 5,480,000 Equity Shares by Gujarat Digi Com
Private Limited, up to 7,200,000 Equity Shares by Hathway Cable and Datacom
Limited and up to 144,000 Equity Shares by Amit Shah. The Bid/ Offer will close
on Friday, June 23, 2017.
The Price Band for the Offer is fixed at Rs. 167 to Rs. 170
per Equity Share. Bids can be made for a minimum of 88 Equity Shares and in
multiples of 88 Equity Shares thereafter. The Book Running Lead Managers (“BRLMs”)
to the Offer are JM Financial Institutional Securities Limited, BNP Paribas,
Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited.
The Company and the Selling Shareholders may, in consultation
with the BRLMs, consider participation by Anchor Investors in accordance with
the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009 as amended (“SEBI ICDR Regulations”). The
Anchor Investor Bid/ offer Period shall be one Working Day prior to the
Bid/Offer Opening Date; i.e.,Tuesday, June 20, 2017.
The Equity Shares offered through the RHP are proposed to be
listed on BSE Limited (BSE) and National Stock Exchange of India Limited
(NSE)
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