Hathway Cable and Datacom has acquired the balance 49% equity stake (i.e., 2,39,235 equity shares) from the existing shareholders of Hathway Channel 5 Cable and Datacom (Channel 5), a subsidiary of the Company for an aggregate consideration of Rs 40,000.
The acquisition of equity shares is for consolidation of business operations. With this acquisition, Channel 5 has now become a wholly owned subsidiary of the company.
Hathway Cable and Datacom is engaged in distribution of internet services through cable and has strategic stake in entities engaged in Cable Television business.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1855.55 |
| Vodafone Idea | 9.45 |
| Indus Towers | 420.30 |
| Tata Communications | 1558.95 |
| Bharti Hexacom Ltd. | 1540.45 |
| View more.. | |
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