INSUBCONTINENT EXCLUSIVE:
Kenneth Andrade-owned Old Bridge Capital Management on Thursday bought 1.6 crore shares of Hathway Cable Datacom, which represents 2% stake
in the company, bulk deal data on the BSE showed
Old Bridge bought the stake at Rs 39.5 per share
Andrade, who formerly worked with IDFC Mutual Fund, is known for his mid cap picks
The bulk deal data separately showed Morgan Stanley Asia Singapore Pte sold 1.8 crore or 2.2% stake shares at Rs 39.5 per share
Morgan Stanley held 2.9% stake in Hathway Cable at the end of the March quarter, shareholding pattern data on the BSE showed
Shares of Hathway Cable ended down 1.6% at Rs 39.65 on the BSE on Thursday
The company's shares have declined 11.7% in the last one year.
