Hathway Cable and Datacom has received Foreign Investment Promotion Board (FIPB) approval to increase foreign investment limit in the firm from the existing 49% to 74% under automatic route. The company, which provides cable and internet services, had applied before FIPB for increasing the limit for Foreign Institutional Investors.
Hathway Cable and Datacom is a leading cable television services provider in India as well as one of the leading cable broadband services providers. It offers analog and digital cable television services across 125 cities and towns and high-speed cable broadband services across 18 cities, operating in geographical regions which it believes to constitute important markets for advertisers and broadcasters.
