ChrysCapital exits Hathway Cable

MUMBAI: Private equity firm ChrysCapital has offloaded its entire 6.36 per cent stake in Hathway Cable and Datacom.

The company sold 9.09 million shares in open market bulk deals in BSE and NSE on Tuesday. 
 
The shares were sold between Rs 175.18 to Rs 175.33 per share, fetching ChrysCapital a total of Rs 1.60 billion.

On BSE, SBI Mutual Fund and Reliance Equity Opportunities Fund picked up 1.5 million and 1 million shares respectively, while Reliance Mutual Fund picked up another 1 million shares from NSE.  
 
The PE firm partially exited at the time of Hathway‘s IPO, earning Rs 1.73 billion. With the current transactions, ChrysCapital, thus, got a total of Rs 3.3 billion from its investments in Hathway made through Monet Ltd.

ChrysCapital had acquired 13.26 per cent in Hathway for Rs 2.6 billion.