Hathway Cable OFS opens on Friday

Jio Content Distribution Holdings Private Limited, Jio Internet Distribution Holdings Private Limited and Jio Cable and Broadband Holdings Private Limited has issued a notice of the proposed offer for sale (OFS) of the equity shares of Hathway Cable & Datacom.

As per a stock exchange filing, the sellers propose to sell in aggregate up to 33.79 crore shares held by the sellers in the company, representing 19.09 per cent of the total issued and paid-up equity share capital of the company on Friday for non-retail investors only and for retail investors on March 30.

The sale shares are proposed to be sold through a separate, designated window of the BSE and the NSE. The sale shall take place over two trading days.

The floor price for the sale shall be Rs 25.25 per equity share. The stock closed at Rs 28.60 on Thursday, down by 3 per cent.