Digital Cable Company GTPL Hathway IPO will open from today It will be open from today to June 23. The issue size of the IPO is Rs 485 crores.The issue price of the issue is Rs 167-170, while the lot size is 88 shares.GTPL Hathway has raised more than 145 crores from Anchor Investors.GTPL Hathway, cable TV operator GTPL and Hathway have a joint #venture of 50-50.
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GTPL Hathway to raise Rs 480 crore from IPO
GTPL Hathway, a 50:50 joint venture between cable TV operator GTPL and Hathway Limited, would raise Rs 480 crore from the public from an IPO for retiring debt and improving network infrastructure.
Managing Director of GTPL Hathway A Jadeja said that 1.4 crore equity shares would be offloaded as `Offer for Sale' to raise Rs 240 crore and another Rs 240 crore by way of offering fresh equity.
He said that the money raised from `Offer for Sale' would be u…