Article Goldman Sachs ups stake in Hathway Cable to 7.55%

[Deepu]

Goldman Sachs has increased its stake in multi-system operator (MSO) Hathway Cable & Datacom to 7.55 per cent by making a fresh purchase of 4.45 million shares.

The company picked up 2.68 per cent stake for Rs 21.36 crore (Rs 213.62 million) at Rs 48 apiece on Friday, 20 March, through open market transaction.

Earlier in January this year, Goldman Sachs had shown interest in Hathway by picking up 4.8 per cent stake in the MSO.

It had then picked up 8.1 million shares at Rs 65 per share. Goldman Sachs already has invested $110 million in Sameer Manchanda-promoted Den Networks.

Read more at: http://www.televisionpost.com/cable/goldman-sachs-ups-stake-in-hathway-cable-to-7-55/ | TelevisionPost.com

 

[DashMajor]

Very soon Hathway will become pure Foreign Based Company.

 

[Gopichand Pai]

There were some reports few weeks back which said foreign investments in Hathway has reached the max limit. If those reports are true, I am not sure how Goldman Sachs is able to increase the stake in Hathway.

 

[Technoglitch]

there were reports on that.

 

[IndianMascot]

Very soon Hathway will become pure Foreign Based Company.

Still they will remain baniya type only.

 

[NinadG]

There were some reports few weeks back which said foreign investments in Hathway has reached the max limit. If those reports are true, I am not sure how Goldman Sachs is able to increase the stake in Hathway.

yes....don't know how come FIIs are increasing their stake inspite of RBI warning......

 

[IndianMascot]

Someone must have reduced their stake.

 

[NinadG]

So effectively we can say if foreigners held more than 50% then indirectly they are the owners........So I think Hathway is already a foreign company being run by Indians.....?.

 

[DashMajor]

So effectively we can say if foreigners held more than 50% then indirectly they are the owners........So I think Hathway is already a foreign company being run by Indians.....?.

Yes because then controlling power will go to Foreigners only but with the case of Tata Sky it is different even though STAR having some 20 - 30% on the company they only runs and controls the board and Tata Son just cares about their 50% share.

 

[DashMajor]

Still they will remain baniya type only.

Tats obvious Villager will remain villager with some of his lifestyle even if hold any Foreign University Degree.