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Hathway Cable & Datacom sells entire 51% equity stake in Hathway Prime

09 Sep 2024 Evaluate

Hathway Cable & Datacom has sold entire 51% equity stake (i.e., 2,29,500 equity shares) in Hathway Prime Cable & Datacom (Hathway Prime), a subsidiary of the Company. Consequently, Hathway Prime has ceased to be a subsidiary of the Company effective from September 09,2024. 

Hathway Prime is a non-operating company and its contribution to the consolidated turnover and networth of the Company for the FY2023-24 was NIL.

Hathway Cable & Datacom is engaged in distribution of internet services through cable and has strategic stake in entities engaged in Cable Television business.

Peers
Company Name CMP
Bharti Airtel 1830.00
Vodafone Idea 13.84
Indus Towers 377.50
Tata Communications 1732.70
Railtel Corp. India 260.40
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