Hathway Cable & Datacom has received the Reserve Bank of India (RBI) approval for increase in the Foreign Investment Limit/ceiling under the Portfolio Investment Scheme (PIS) route for Foreign Institutional Investors (FIIs), Registered Foreign Portfolio Investors (RFPIs), etc. from 49% to 74% of issued and fully paid up share capital.
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.
