Brief: Reliance Industries To Investment In Den Networks And Hathway Cable And Datacom

Den Networks

17/10/2018 14:42

Oct 17 (Reuters) - Reliance Industries Ltd  RELI.NS :
    * RELIANCE INDUSTRIES ANNOUNCES STRATEGIC INVESTMENT IN AND
PARTNERSHIP WITH DEN NETWORKS LIMITED AND HATHWAY CABLE AND
DATACOM LIMITED
    * PRIMARY INVESTMENT OF 29.40 BILLION RUPEES VIA A
PREFERENTIAL
ISSUE FOR A 51.3 PERCENT STAKE IN HATHWAY CABLE AND DATACOM
    * PRIMARY INVESTMENT OF 20.45 BILLION RUPEES VIA
PREFERENTIAL
ISSUE AND SECONDARY PURCHASE OF 2.45 BILLION RUPEES FROM
EXISTING PROMOTERS IN DEN
    * PRIMARY INVESTMENT AND SECONDARY PURCHASE FROM EXISTING
PROMOTERS FOR 66 PERCENT STAKE IN DEN NETWORKS
    * CO WOULD ALSO MAKE OPEN OFFERS IN DEN AND HATHWAY
    * RELIANCE INDUSTRIES SAYS TRANSACTION TO ACCELERATE
JIOGIGAFIBER
ROLLOUT TO 50 MILLION HOMES ACROSS 1,100 CITIES
    * CO ADVISED BY JM FINANCIAL , CITIGROUP GLOBAL MARKETS,
KHAITAN &
CO, CYRIL AMARCHAND MANGALDAS, AZB PARTNERS, EY LLP ON DEAL

Source text: http://bit.ly/2AeX7F5
Further company coverage:  RELI.NS 

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