Hathway Cable & Datacom gains on acquiring balance 49% stake in Hathway Digital Saharanpur

Hathway Cable & Datacom Ltd. | Telecommunication - Service Provider | Telecom | BSE: 533162 | NSE: HATHWAY

16 Dec 2020 Evaluate

Hathway Cable & Datacom is currently trading at Rs. 34.15, up by 0.25 points or 0.74% from its previous closing of Rs. 33.90 on the BSE.

The scrip opened at Rs. 33.85 and has touched a high and low of Rs. 34.50 and Rs. 33.60 respectively. So far 24174 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.45 on 22-Jul-2020 and a 52 week low of Rs. 10.70 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 36.55 and Rs. 33.00 respectively. The current market cap of the company is Rs. 6009.50 crore.

The promoters holding in the company stood at 94.09%, while Institutions and Non-Institutions held 2.58% and 3.33% respectively.

Hathway Cable & Datacom has acquired balance 49% i.e. 9,800 equity shares of Hathway Digital Saharanpur, Subsidiary of the company for a cash consideration of Rs 25 lakh and pursuant to said acquisition Hathway Digital Saharanpur has become a Wholly Owned Subsidiary of the company.

The aforesaid acquisition of equity shares is a strategic business investment for ease of business operations which will further enable the Hathway group to widen the cable television business segment across the geographical areas and serving customer with an enriching experience.

Hathway Cable and Datacom is a Public Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in distribution of internet services through cable and has strategic stake in entities engaged in Cable Television business.

Hathway Cable & Data Share Price

10.84 -0.23 (-2.08%)

11-May-2026 13:09 View Price Chart

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