Hathway Cable and Datacom Limited has informed the Exchange about Acquisition of balance equity shares of Hathway Channel 5 Cable and Datacom Private Limited, a subsidiary of the Company.
HATHWAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hathway Cable and Datacom Limited has acquired the remaining 49% equity stake (2,39,235 shares) in its subsidiary Hathway Channel 5 Cable and Datacom Private Limited for a total consideration of ₹40,000. With this purchase, Channel 5 has become a wholly-owned subsidiary of the company. The acquisition is aimed at consolidating business operations. Channel 5, incorporated in 1996, operates in the Cable TV business in New Delhi and reported nil turnover for the last three financial years. The transaction is not a related party transaction and did not require any regulatory approvals.
This acquisition consolidates the company's ownership of Channel 5, removing minority shareholder interests in the subsidiary. While Channel 5 has no recent revenue, the deal strengthens operational control and simplifies the group structure at minimal cost.