Shares of Hathway Cable rose as much as 18.45 per cent in early trade before quoting at Rs 44, up Rs 3.60 or 8.91 per cent at about 11.25 am.
Trading volumes also surged over 3.47 times.
The central bank has raised the FII limit in Hathway Cable to 74 per cent from 49 per cent.
The RBI regularly prevents FIIs from buying shares in companies if they approach the limit stipulated by regulations and then re-adjusts once foreign ownership falls below the prescribed level
FIIs currently hold 14.54 per cent stake in the company, according to BSE data.