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RIL gets CCI nod to acquire Hathway, Den for ₹5,230 crore
short by Shruti Maria Mahendar / on Wednesday, 23 January, 2019
Mukesh Ambani-led Reliance Industries has received the Competition Commission of India's (CCI) approval to acquire majority stakes in Den Networks, and Hathway Cable & Datacom, two of India's largest cable operators. Reliance will take 66% stake in Den for ₹2,290 crore and 51.3% stake in Hathway for ₹2,940 crore. The acquisition will give Reliance control of 27,000 local cable operators.
read more at Bloomberg Quint