India: Hathway Cable to demerge broadband business, float a new subsidiary

India: Hathway Cable to demerge broadband business, float a new subsidiary

The demerger will be subject to requisite approvals from the shareholders, creditors, high courts, DoT, stock exchanges, Sebi and other applicable regulatory authorities. Visual from Hathway website

Cable television and broadband service firm Hathway Cable and Datacom Ltd has decided to demerge the company’s broadband business to start a wholly-owned subsidiary, Hathway Broadband Pvt. Ltd, the company informed BSE on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter