Hathway Cable & Datacom acquires balance 3.64% stake in subsidiary Hathway Kokan Crystal; Stock up 1%

Hathway Cable & Datacom Limited has acquired a balance of 3.64% i.e. 5,488 equity shares of subsidiary Hathway Kokan Crystal, for Rs54,880. Now Hathway Kokan Crystal has become a wholly-owned subsidiary of the company.

Hathway Kokan Crystal was incorporated in India on May 16, 2008, having its presence in the State of Maharashtra. Hathway Kokan Crystal is in the Cable television business with operating revenue of Rs378.23 lakhs in 2020-21; Rs366.41 lakhs in 2019-20 and Rs240.45 lakhs in 2018-19.

The aforesaid acquisition of equity shares is for ease of business operations which will further enable the Hathway group to widen the cable television business segment across the geographical areas and serving customer with an enriching experience.

At around 10.00 am, Hathway Cable & Datacom Ltd was trading at Rs20.20 per piece up Rs0.20 or 1.00% from its previous closing of Rs20 on the BSE. Indian Infoline