Hathway Cable and Datacom, one of India's leading Multiple System Operators, witnessed a sharp rise in share price on Thursday after the Reserve Bank of India (RBI) on Wednesday notified that foreign institutional investors (FIIs) and registered foreign portfolios investors (RFPIs) can now purchase shares of Hathway Cable & Datacom.

'The investments can go up to 74% from revised from earlier limit of 49% stipulated under Foreign Direct Investment policy) of the company's paid up capital through GDR/ADR/FDI under the Portfolio Investment Scheme (PIS) in primary market and stock exchanges,' the RBI said.

Shares of the company are trading at Rs 44, up Rs 3.6, or 8.91% at the Bombay Stock Exchange (BSE) on Thursday at 10:58 a.m.

Total volume of shares traded on the bourses today was higher by 7.48% to 116,446 compared with 22-day average volume of 108,345.