Primary offer

GTPL Hathway: Expensive, post-issue shocks possible

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Heavy dependence on local cable operators a big drag

GTPL Hathway, India’s leading cable television operator, is making an initial public offer to raise around ₹240 crore through a fresh issue of shares and another ₹240 crore through an offer-for-sale.Decent market shareThe company, promoted by Hathway Cables and Datacom, has sizeable presence in the cable television segment in Gujarat and Kolkata with market shares of 67 and 24 per cent, respecti...
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