Article Hathway Cable gets board nod to hike FII limit to 74 per cent

[Deepu]

The MSO has in an announcement to the BSE informed that its Board of Directors have approved and passed the resolution to increase the foreign investment limit from the current 49 per cent to 74 per cent, this subject to approval from the Foreign Investment Promotion Board of India, Ministry of Finance and/or the Reserve Bank of India.

Indian Television Dot Com | Hathway Cable gets board nod to hike FII limit to 74 per cent

 

[NinadG]

So it seems Hathway would become first foreign owned cable operator in India......
Hathway is becoming trend setter in cable industry,....both +ve & -ve way......

 

[DashMajor]

Hathway is like DTH who're running in wire technology.

 

[Sanjeev]

Hathway is like DTH who're running in wire technology.

Yes I think they should be kept in DTH category

 

[Anish Pai]

If this FII is successful then Hathway will acquire all small MSO and will go national. It will be a All India MSO. But Hathway must not give administration to foreign investors, hathway is going good under current indian administrators.

 

[DashMajor]

^^ Its already gone now Foreign investors raised the share upto 74 %

 

[Anish Pai]

So now who will be the Administrator (MD.CEO, Director) the current management or foreign people ???

 

[DashMajor]

Doesn't matter MD, CEO is Indian or not he will listen to majority stake company and in this case a Foreign Agency took over the majority stakes.

 

[Anish Pai]

So this will affect all hathway subsidiaries like GTPL, FDI Digital, etc.

 

[DashMajor]

It depends on if rest of subsidiaries are not fully owned by Hathway.