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Hathway Cable & Datacom Limited — Capital/Financing Update 2021
Nov 30, 2021
62729_rns_2021-11-30_c77cdeb4-441c-416e-a49a-f2fd12550bb7.pdf
Capital/Financing Update
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November 30, 2021
| To, The Listing Department The National Stock Exchange of India Limited Plot no. C/1, G Block, Sandra Kurlo Complex, Sandra (East), Mumbai 400 051 NSE Trading Symbol: HATHWAY |
To, Tile Corporate Relationship Department BSE Limited P.J. Towers, 1stFloor, Dalal Street, Mumbai - 400 001 SSE Security Code: 533162 |
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Dear Sir/Madam,
Sub: Acquisition of balance equity shares of Hathway Kokan Crystal Cable Network Limited, Subsidiary Company ("Hathway Kokan Crystal")
Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We would like to inform that the Company llas acquired today i.e. November 30, 2021, balance 3.64% i.e. 5,488 equity shares of Hathway Kokan Crystal, Subsidiary of the Company for a cash consideration of Rs. 54,880 (Rupees Fifty-Four Thousand Eight Hundred and Eighty only) and pursuant to said acquisition 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 Cable television business with operating revenue of Rs. 378.23 lakhs in 2020-21; Rs. 366.41 lakhs in 2019-20 and Rs. 240.45 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.
No governmental or regulatory approvals were required for the said investment. The investment does not fall within related party transactions and none of Hathway's promoter / promoter group / group companies have any interest in the transaction.
Thanking you,
HWAY CABLE AND DATACOM LIMITED
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Head Corporate Legal, Company Secretary and Chief Compliance Officer FCS No: 5189
Hathway Cable and Datacom Limited
805/806, "Windsor", Off C.S.T. Road, Kalina, Santacruz (E), Mumbai - 400 098. Tel : + 91 022 40542500 Fax: + 91 022 40542700 Regd. Off.: "Rahejas", 4th Floor, Corner of Main Avenue & V.P. Road, Santacruz (W), Mumbai - 400 054. Tel:+ 91 022- 26001306 Fax: + 91 022- 26001307 Email: [email protected] Website: www.hathway.com CIN No. L64204MH1959PLC011421