Exchange filings showed that Jio Futuristic Digital Holdings, Jio Digital Distribution Holdings and Jio Television Distribution Holdings together will sell 20.54 Cr. shares, or 11.61% stake, in Hathway Cable at a floor price of Rs 21.50 per share as against Friday’s closing price of Rs 21.65. A 10% of the offered shares are reserved for retail investors. Promoters who held 94.09% stake in the company as on December 31, 2020, reduced their holding to 86.61% last month through an offer for sale route.
Source: Economic Times