Shares of Hathway Cable & Datacom will remain in focus, as its board has approved an IPO proposal for its subsidiary GTPL Hathway Pvt Ltd.
The IPO will be done through an issuance of fresh shares and an offer-for-sale by existing shareholders.
The company’s board has given its nod to divest up to 90 lakh shares of the subsidiary through an OFS. Analysts will closely follow the development, as the IPO will be subject to regulatory clearances and market conditions.