Hathway Cable & Datacom gets RBI approval for increase in foreign investment limit

RBI lifts restrictions on foreign shareholding with immediate effect

Hathway Cable & Datacom announced that the Company has received the aforesaid letter from the Reserve Bank of India (RBI) for:

1. Increase in the Foreign Investment Limit/ceiling under the Portfolio Investment Scheme (PIS) route for Foreign Institutional Investors (Flls), Registered Foreign Portfolio Investors (RFPIs), etc. from 49% to 74% of Issued and fully paid up share capital.

2. Removal of the name of the Company from RBI Ban List-GDR/ADR/FDI/NRI/PIO/FII/RFPIs.

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