Hathway Cable and Datacom is planning to deleverage its books by Rs 500 crore by March 2020. Of Rs 500 crore, the promoters will bring Rs 350 crore by way of equity and long-term unsecured loan, of which Rs 200 core is coming between July and August this year and the balance Rs 150 crore will happen over a period of time.
Hathway Cable and Datacom is a multi-system operator providing cable television network services, Internet services and allied services. Its product portfolio includes cable television (standard definition and high definition (HD) services, and broadband services. It offers cable television services in over 200 cities and towns.
