Hathway to go for sub-division of equity shares

Raheja group firm Hathway Cable & Datacom today said its board has approved sub-division of its equity shares.
The board in a meeting held today approved sub-division of "1 equity share of Rs 10 each to 5 equity shares of Rs 2 each," the Multi-System Operator informed BSE.
The company said it would be subject to approval of shareholders.
Meanwhile, the company said it has reduced its standalone net loss to Rs 39.26 crore for the second quarter ended on September 30, 2014.
It had reported a net loss of Rs 44.44 crore in the July -September quarter of the previous fiscal, Hathway said in a filing to the BSE.

Its net income during the quarter under review increased to Rs 263.51 crore from Rs 220.28 crore for the same period of last fiscal.
Shares of the company today ended at Rs 320 on BSE, up 0.61 per cent from previous close.