Hathway Cable & Datacom has entered into an agreement for disposing its entire 51% i.e. 15,300 Equity Shares of Hathway Palampur, Subsidiary Company on February 11, 2021, for which the company has received a consideration of Rs 8,10,900. Pursuant to the same, Hathway Palampur has ceased to be a Subsidiary of the company. Hathway Palampur being a non- operating company, its contribution to the consolidated turnover of the company as well as to its Networth for the FY19-20 was NIL.
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.
