Den, Hathway: Reliance Industries Gets CCI Nod

The Competition Commission of India gave approval to Reliance Industries for the acquisition of Den Networks and Hathway Cable and Datacom. The approval will enable RIL to subscribe to the preferential issue of shares by Den Networks and Hathway Cable and purchase of Den’s shares from the promoter.

In October 2018, RIL had entered into a deal to acquire 51.3 percent stake in Hathway Cable and 66 percent stake in Den for a total sum of Rs 5230 crore.―The Hindu Business Line

Share this:

Leave a Reply

Your email address will not be published. Required fields are marked *

40 − 39 =

Stay Updated on Broadcast and CableSat.
Receive our Daily Newsletter.