Hathway Cable in the picture

Hathway Cable & Datacom finally filed the much awaited DRHP with SEBI for GTPL Hathway. The prospect of improving value with another listed company has pushed Hathway amongst the top three gainers on the BSE, gaining almost 9% at Rs.37.40. Its 52-week high is at Rs.37.40.

Hathway Cable owns a 50% stake in GTPL Hathway, which, in turn, owns and has joint ventures with other companies to run operations in Gujarat, Maharashtra, Rajasthan, West Bengal, Assam, Jharkhand, Andhra Pradesh and Madhya Pradesh. It got its pan-India licence in August 2015.

GTPL, formerly called Gujarat Telelinks Pvt. Ltd, was set up in 2006 by Anirudhsinh Jadeja and Kanaksinh Rana. In 2008, R Raheja group-backed Hathway Cable acquired a 50% stake in the private firm; financial details were not divulged but grapevine had pegged the pric etag at Rs.125 crore.