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Hathway Cable & Datacom Limited is acquiring the balance 49% stake in its subsidiary, Hathway Channel 5, for ₹0.004 Crore. Post-acquisition, the target entity will become a wholly owned subsidiary. The transaction aims to consolidate business operations in the cable television sector.
Hathway Cable and Datacom Limited acquired the remaining 49% stake (2,39,235 shares) in its subsidiary, Hathway Channel 5 Cable and Datacom Private Limited, for ₹40,000. Following this transaction, Channel 5 has become a wholly owned subsidiary. The acquisition was made for the consolidation of business operations.