Cap hike effect: Hathway jumps

Our Bureau Chennai | Updated on January 23, 2018 Published on August 27, 2015

Shares of Hathway Cable jumped 8 per cent after the RBI allowed FIIs to buy more. The stock, which jumped as much as 16 per cent intraday on the BSE, lost ground to close at ₹43.80, a gain of 8.4 per cent. The apex bank on Wednesday said it has removed Hathway Cable & Datacom from its caution list and foreign investors can now buy more shares in the company. Currently, FII holds 14.54 per cent stake in the company.

Published on August 27, 2015
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