News No more foreign investment in Hathway: RBI

[Deepu]

The Reserve Bank of India (RBI) has said that foreign investors would not be allowed to purchase further shares in multi-system operator (MSO) Hathway Cable & Datacom as the foreign shareholding in the company has reached the prescribed limit.

The foreign shareholding through GDRs/ADRs/FDI/NRI/PIO/FIIs/RFPIs in the company has reached the prescribed threshold limit.

Read more at: http://www.televisionpost.com/cable/no-more-foreign-investment-in-hathway-rbi/ | TelevisionPost.com

 

[DashMajor]

Its too late for RBI to controlled the stakes of Hathway majority of stakes already gone to Foreign holders.

 

[NinadG]

As per report,
"As of quarter ended December 2014, FIIs held 33.82 per cent shares in Hathway."
I think its very less compared to other sectors like telecom & banking which can be classified as backbone of the economy.............So there shouldn't be any problem allowing FIIs to hike their stake...............

 

[IndianMascot]

Its brilliant that they are successful to sell their stakes . They must be having good money now.

 

[DashMajor]

So that it become Foreign brand and start sucking Indian Pocket

 

[IndianMascot]

yeah. Let see what innovation they do now to compete their opponents.

 

[NinadG]

So that it become Foreign brand and start sucking Indian Pocket

It would remain Indian brand but partly owned by FIIs..................What's bad if FDI is coming in, allowing Hathway to compete effectively & deal with the aggression of STAR................
By some definition top pvt banks like HDFC, ICICI,...........can be categorized as foreign banks then....

 

[DashMajor]

But basically we're not getting good innovative service and cheap packages, whats the meaning of Dollar then ?

 

[NinadG]

But basically we're not getting good innovative service and cheap packages, whats the meaning of Dollar then ?

FIIs are not investing for charity...............so definitely there would be pressure on the company...........& accordingly they will structure their policies....................So most likely it won't come cheap..............

 

[Sanjeev]

So what about tata sky and d2h will they also leave their foreign partners