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.