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Hathway Cable & Datacom Ltd posts consolidated PAT of Rs 72 04 crore in Q4FY21

Hathway Cable & Datacom Ltd posts consolidated PAT of Rs 72 04 crore in Q4FY21
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Hathway Cable gains 3% as Reliance Industries launches Rs 442-crore OFS

Shares of Hathway Cable and Datacom advanced 3.4 per cent to Rs 22.4 apiece on the BSE on Monday as promoter group Reliance Industries launched an offer for sale (OFS) to pare stake in the DTH firm. At 10:53 am, the stock was quoting at Rs 22 per share on the BSE, up 2 per cent, as against a 1 per cent gain in the benchmark S&P BSE Sensex. A combined 3.2 million equity shares had changed hands on the counter on the BSE and NSE till the time of writing of this report. The OFS is open for non-retail investors today while the same will open for retail investors on Tuesday, April 27.

Den Networks not to proceed with composite scheme of arrangement

Den Networks not to proceed with composite scheme of arrangement PTI New Delhi | Updated on April 21, 2021 × In a filing to the exchanges, the company said since a year had passed from the time the board considered the scheme, it had decided to drop the idea Den Networks on Wednesday said it has decided not to proceed with the composite scheme of arrangement in which TV18 Broadcast, Hathway Cable & Datacom and Den Networks were to merge into Network18 Media & Investments. “Considering that more than a year has passed from the time the board considered the scheme, the board of the company has decided not to proceed with the arrangement envisaged in the scheme,” Den Networks said in a regulatory filing.

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