all r talking about arss wat abt hathway wat is gmp of this ipo and which issue is better texmo or man inf and plz provide grey market rate of upcoming issue
Zee Turner Ltd, a joint venture between Turner International and India's Essel group, said on Tuesday it may switch off several popular channels across networks of Hathway Cables due to payment defaults.
Zee Turner airs 33 channels in India including Zee TV, Zee Cinema, Cartoon Network, Pogo, HBO, Zee Cafe and Zee Business.
"Hathway has been avoiding signing the agreement for airing these 33 channels despite numerous efforts by Zee Turner and now being overdue by almost 10 months," it said in a press release on Tuesday.
Hathway must sign fresh agreements with Zee Turner for availing the services of these channels on expiry of the previous one, it said.
While most of these agreements expired in March 2009 new deals have not been inked yet, it added.
Besides, Hathway owes Zee Turner Rs 280 million, which is nearly 6 months overdue, it said.
What more proof do you want?? Still applying, DIG your own grave
It seems to be a good bet for investors for a target of 380. The issue is reasonably priced and investors can subscribe to the IPO (long-term target 824).
It has long history in the cable business. It is also the leader in the cable broadband services.