Competition Commission clears RIL’s stake purchase in Den Networks, Hathway
NEW DELHI: The Competition Commission of India (CCI) has given go-ahead to Mukesh Ambani-led Reliance Industries Ltd (RIL) to acquire majority stakes in DEN Networks and Hathway Cable & Datacom for a total of Rs 5,230 crore. RIL earlier said it will acquire 66 per cent stake in DEN Networks for Rs 2,290 crore and […]
Reliance Industries to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 crore
NEW DELHI: Mukesh Ambani-helmed Reliance Industries on Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore. The company has announced the following strategic investments: a) Primary investment of Rs. 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs. […]