Reliance Capital Trustee buys 0.83% stake in Hathway Cable

Reliance Capital Trustee Company Ltd has picked up 0.83 percent stake in Hathway Cable & Datacom taking its total holding to 7.4 percent in the cable operator.

Reliance Capital Trustee, a subsidiary of Reliance Capital, bought 11.64 lakh shares or 0.81 percent stake in Hathway Cable & Datacom through open market transaction, the Anil Ambani Reliance group firm said in a regulatory filing to the stock exchanges.

The shares, which were bought on February 15, settled at Rs 236.80 apiece. At this price, deal size is estimated to be worth Rs 27.56 crore. After the acquisition, Reliance Capital Trustee stake rose to 7.39 percent from 6.58 percent.

Shares of Hathway Cable & Datacom closed 0.68 percent up at Rs 257.80 apiece on the BSE.

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