Hathway gets EGM nod for Rs 300.80 crore Capital Partners investment

[IndianMascot]

Multi system operator (MSO) Hathway Cable & Datacom has got shareholder approval for raising Rs 300.80 crore through preferential allotment of shares. The announcement was made after the MSO's Extra Ordinary General Meeting held today.

The MSO through a statement on the BSE, said, ‘subject to necessary approvals and compliance with the applicable laws and regulations, the issuance of up to 94,00,000 fully paid up equity shares of face value Rs 10 each (the Equity Shares) of the company to the following funds managed by Capital Research & Management, at a price of Rs 320 per equity share, aggregating to Rs 300,80,00,000 by way of preferential allotment pursuant to Section 42 and 62 (1) ( c) and all other applicable provisions, if any of the Companies Act, 2013 and rules made thereunder (including any statutory modification) thereof for the time being in force) and other legal provision, including but not limited to chapter 7 of the Securities and Exchange Board of India (SEBI) (issue of capital and disclosure requirements) regulations, 2009, as amended.’


Hathway gets EGM nod for Rs 300.80 crore Capital Partners investment | Indian Television Dot Com

 

[Technoglitch]

one side they are pumping in money and other side they are crying to make payment.

 

[IndianMascot]

They will say they are pumping money to pay these broadcasters. Untill they have this money case will continue to remain pening in TDSAT

 

[DashMajor]

one side they are pumping in money and other side they are crying to make payment.

Not crying but they don't wanna pay ZEE and STAR separately.

 

[IndianMascot]

So, TRAI is the culprit as they made the policy of splitting.

 

[DashMajor]

So, TRAI is the culprit as they made the policy of splitting.

Why culprit ? Why other agency decide the Rates of certain channel ?

 

[IndianMascot]

They are caught in between. They have paid to Media Pro and now the company is split.

I think Hathway is facing this issue with all broadcaster and hence he is fighting with all.

 

[DashMajor]

No they didn't made any payment instead of crying. Problem for Hathway they wants to pay according to Media PRO which is less then present scenario. So they're pleading with TAJ to arrange contract like that.

 

[IndianMascot]

Anyone in place of Hathway would have done that. After its not a small amount dispute.

 

[DashMajor]

Who is doing ? I think every MSOs having disputes but they're challenging STAR and ZEE both

And if we have to pay everything as a ala carte then DTH is 100 times better