Comments
The initial public offering of GTPL Hathway was subscribed 1.55 times on the last day of the offer on Friday. The IPO of the cable TV and broadband services firm received bids for 2.87 crore shares against the total issue size of 2.02 crore shares, according to data available with the exchanges. GTPL Hathway, ahead of the IPO on Tuesday, had raised over ₹145 crore from anchor investors. The company plans to raise ₹485 crore through the IPO, which comprises a fresh issue of shares worth ₹240 crore and the remaining through OFS of up to 1.44 crore shares. Proceeds from the IPO will be used towards repayment of loans and other general corporate purposes.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.