News Announcement

Hathway Cable & Datacom: Notice of Offer for Sale of Share by Promoters & Floor Price

Jio Content Distribution Holdings Private Limited (?Seller 1?) Jio Internet Distribution Holdings Private Limited (?Seller 2?) and Jio Cable and Broadband Holdings Private Limited (?Seller 3?) being part of the promoter & promoter group of the Company. Seller 1 Seller 2 and Seller 3 are together referred to as the ?Sellers? propose to sell in aggregate up to 20 54 43 340 (Twenty crore fifty four lakh forty three thousand three hundred and forty only) Equity Shares (?Sale Shares?) held by the Sellers in Hathway Cable & Datacom Ltd ("the Company") representing 11.61% of the total issued and paid-up equity share capital of the Company (?Offer?) on April 26 2021 (?T Day?) (for non-retail Investors only)(?Non-Retail Investors?) and on April 27 2021 (?T+1 Day?) (for retail investors as described herein below (?Retail Investors?) and for Non-Retail Investors who choose to carry forward their un-allocated bids from T Day).

The Sale Shares are proposed to be sold through a separate designated window of BSE Limited (?BSE?) and the National Stock Exchange of India Limited (?NSE?) (BSE and NSE are together referred to as the ?Stock Exchanges?).

Date and time of the opening and closing of the Offer:

The Sale shall take place over two Trading Days as provided below:

For Non-Retail Investors on T Day i.e. April 26 2021

The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T Day commencing at 9:15 AM and shall close at 3:30 PM (Indian Standard Time) on the same date. Non-Retail Investors who have placed their bids on T Day may indicate their willingness to carry forward their unallocated bids to T+1 Day for allocation to them in the unsubscribed portion of the Retail Category (defined below)

Please note that only Non-Retail Investors can place their bids on T Day i.e. April 26 2021.

For Retail Investors and for Non-Retail Investors who opt to carry forward their unallocated bids from T Day on T+1 Day i.e. April 27 2021

The Offer shall continue to take place during trading hours on the separate window of the Stock Exchanges on T+1 Day commencing at 9:15 AM and shall close at 3:30 PM (Indian Standard Time) on the same date.

Please note that only Retail Investors are permitted to place their bids on T+1 Day. Further those Non-Retail Investors who had placed their bids on T Day and who opted to carry forward their unallocated bids from T Day to T+1 Day would be allowed to revise their bids on T+1 Day in terms of the SEBI OFS Circulars.

Floor Price : The floor price for the Sale shall be INR 21.50 (Rupees Twenty one and fifty paise only) per Equity Share (?Floor Price?).

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.