News Hathway to demerge broadband business to subsidiary company

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Hathway Cable & Datacom is planning to demerge its broadband business into its wholly owned subsidiary Hathway Broadband Private Limited.

The company’s board of directors have given in-principle approval to demerge, transfer and vest the company’s entire broadband business into its wholly owned subsidiary, subject to requisite approvals from the shareholders, creditors, High Court(s), Department of Telecommunications, Stock Exchanges, Securities and Exchange Board of India and other applicable regulatory governmental authorities.

Indian Television Dot Com | Hathway to demerge broadband business to subsidiary company
 
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