Hathway Cable and Datacom, cable television services provider, is coming with an initial public offering (IPO) of 277.5 lakh equity shares of Rs 10 each. The company is planning to raise about Rs 735 crore from the issue.
The issue will open on February 9, 2010 and will close on February 11, 2010. CRISIL has assigned IPO Grade 3/5 to the proposed issue, indicating average fundamentals of the IPO.
The company will be using the issue proceed to fund customer acquisitions; investment in the development of digital capital expenditure, services and set top boxes; investment in the development of broadband infrastructure, capital expenditure and services; repayment of loans; and fund expenditure for general corporate purposes
The book running lead managers to the issue are Morgan Stanley India, UBS Securities and Kotak Mahindra Capital Company.
The issue will open on February 9, 2010 and will close on February 11, 2010. CRISIL has assigned IPO Grade 3/5 to the proposed issue, indicating average fundamentals of the IPO.
The company will be using the issue proceed to fund customer acquisitions; investment in the development of digital capital expenditure, services and set top boxes; investment in the development of broadband infrastructure, capital expenditure and services; repayment of loans; and fund expenditure for general corporate purposes
The book running lead managers to the issue are Morgan Stanley India, UBS Securities and Kotak Mahindra Capital Company.
Livemint
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