Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Hathway Cable & Datacom Limited Capital/Financing Update 2021

Feb 11, 2021

62729_rns_2021-02-11_0d2139e8-ce67-47cd-bf53-4aadf10ed2b0.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [97 x 21] intentionally omitted <==

February 11, 2021

To, To, The Listing Department The Corporate Relationship Department The National Stock Exchange of India Limited BSE Limited Plot no. C/1, G Block, Bandra Kurla Complex, Bandra P.J. Towers, 1[st] Floor, Dalal Street, (East), Mumbai 400 051 Mumbai – 400 001 NSE Trading Symbol: HATHWAY BSE Security Code: 533162

Dear Sir/Madam,

Subject: Sale of stake in Hathway Palampur Cable Network Private Limited “Hathway Palampur”, Subsidiary Company

Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is to inform that the Company has entered into an Agreement for disposing its entire 51% i.e. 15,300 Equity Shares of Hathway Palampur, Subsidiary Company on February 11, 2021, for which the Company has received a consideration of Rs. 8,10,900/- (Rupees Eight Lakhs Ten thousand and Nine Hundred Only). Pursuant to the same, Hathway Palampur has ceased to be a Subsidiary of the Company.

Hathway Palampur being a non- operating Company, its contribution to the consolidated turnover of the Company as well as to its Networth for the F.Y. 2019-20 was NIL.

The Company has sold its entire shareholding (51%) to Ms. Preetika Kakkar, one of the Existing Shareholder of Hathway Palampur. Ms. Preetika Kakkar does not belong to Promoter/ Promoter Group/ Promoter Companies. This sale does not fall within Related Party Transaction. Further, the transaction is in the nature of sale of entire (51%) stake in a subsidiary and hence it is not a slump sale.

Kindly take the same on record.

Thanking you,

FOR HATHWAY CABLE AND DATACOM LIMITED

==> picture [191 x 85] intentionally omitted <==

AJAY SINGH

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 400098. Tel: +91 022 40542500, Fax: +91 22 40542700 Regd. Off:

“Rahejas”, 4[th ] Floor, Corner of Main Avenue & V.P. Road, Santacruz (W), Mumbai-400054.

Tel: +91 022 26001306, Fax: +91 22 26001307 Email: [email protected] Website: w ww.hathway.com CIN: L64204MH1959PLC011421