Hathway Cable and Datacom, an Indian cable television service operator, has raised close to 100 crore rupees ($14 million) through allotment of equity shares to a promoter group entity on a preferential basis.
The board of directors of the company approved the allotment of 30.8 million fully paid-up equity shares the company to Hathway Investments, an entity forming part of the promoter group, at a price of $0.46 per share.
The total shareholding of the promoter or promoter group entities in the company now stands increased from 43.48 percent to 45.50 percent.
Shares of Hathway Cable and Datacom were trading up 0.53 percent at $0.27 on the Bombay Stock Exchange.