Acquisitions13 Apr 2026, 07:11 pm
Hathway acquires balance 49% stake in Channel 5 for ₹40,000
AI Summary
Hathway Cable & Datacom Ltd has acquired the remaining 49% equity stake (2,39,235 shares) in its subsidiary, Hathway Channel 5 Cable and Datacom Private Limited, for ₹40,000. This acquisition, completed on April 13, 2026, makes Channel 5 a wholly-owned subsidiary. The company stated the acquisition is for business operations consolidation. Channel 5, incorporated in 1996, operates in the Cable TV business in New Delhi and reported nil turnover for the last three financial years (FY2023-24 to FY2025-26). The transaction is not a related party deal and required no regulatory approvals.
Key Highlights
- Hathway acquired remaining 49% stake in Channel 5.
- Acquisition cost was ₹40,000 for 2,39,235 equity shares.
- Channel 5 is now a wholly-owned subsidiary.
- The acquisition aims to consolidate business operations.
- Channel 5 reported nil turnover for past three years.
Price Impact
More from HATHWAY