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Hathway Cable & Datacom divests 51% stake held in Hathway Palampur

Capital Market 

Hathway Cable & Datacom has entered into an Agreement for disposing its entire 51% i.e. 15,300 Equity Shares of Hathway Palampur, Subsidiary Company on 11 February 2021, for which the Company has received a consideration of Rs. 8.10 lakh.

Pursuant to the same, Hathway Palampur has ceased to be a Subsidiary of the Company.

Hathway Palampur being a non- operating Company, its contribution to the consolidated turnover of the Company as well as to its Networth for the F. Y. 2019-20 was NIL.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, February 11 2021. 18:04 IST