Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Sale of entire stake in subsidiaries / associate of the Company
HATHWAY · price
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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.2 pts more than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hathway Cable & Datacom has informed the stock exchanges that it is selling its entire stake in certain subsidiaries and/or associate companies, as required under SEBI's Listing Regulations. The disclosure has been made under Regulation 30, which mandates listed companies to inform exchanges about material corporate actions. No specific deal value, buyer name, or timeline has been provided in this filing. The move suggests the company is streamlining its group structure by exiting non-core or subsidiary-level investments. Shareholders will need to watch for further filings with details on the transaction value and counterparty.
Divesting subsidiary stakes can free up capital and simplify the group structure, but the near-term impact on the stock depends on the sale value and whether the proceeds are deployed for growth, debt reduction, or returned to shareholders.