Updates
With reference to the earlier announcement, Hathway Cable & Datacom Ltd has now informed BSE that the date in the aforesaid letter was inadvertently mentioned as "August 13, 2015" instead of "August 26, 2015".Further, read the date in the aforesaid letter as August 26, 2015. Increase in the Foreign Investment Limit for FIIs, RFPIs. etc. under the Portfolio Investment Scheme to 74% of Issued and fully paid up share capital and Removal from RBI Ban List
Hathway Cable & Datacom Ltd has informed BSE 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. Local cable operators weigh in on MSM-Hathway spat
The operators have even threatened to disrupt the broadband distribution network under Hathway as a mark of protest against the move Hathway Cable & Datacom Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Hathway Cable & Datacom Ltd with respect to media news appearing on ET NOW @ 9:27 am on August 19, 2015 titled "Sony-linked company snaps 15 channels signals to 38 Hathway cable areas on non-payment of dues"Hathway Cable & Datacom Ltd replied stating "Please note that we are not aware as to the exact content of the ET NOW report but would like to clarify that the Subscription Agreement with MSM... Clarification sought from Hathway Cable & Datacom Ltd
The Exchange has sought clarification from Hathway Cable & Datacom Ltd with respect to news article appearing on ET NOW on August 19, 2015 titled "Sony-linked company snaps 15 channels signals to 38 Hathway cable areas on non-payment of dues"The reply is awaited. Telco tribunal asks Hathway to pay Rs 14.5-cr dues to Multi Screen Media
The MSO has until October 31 to clear the dues MSM and Hathway spar over distribution deal
According to sources, the MSO has shifted all MSM channels to the reference-interconnect-offer deal Increase in the Foreign Investment Limit for FIIs, FPIs, etc. under the Portfolio Investment Scheme from 49% to 74% of Issued and fully paid up share capital
Hathway Cable & Datacom Ltd has informed BSE that Hathway Cable & Datacom Limited ("the Company") had applied for approval of Foreign Investment Promotion Board (FIPB) for increasing foreign investment limit only for Foreign Institutional Investors including its sub-accounts (FIIs), Foreign Portfolio Investors (FPIs), etc. under the Portfolio Investment Scheme in accordance with Schedules 2 and 2A of the FEMA (Transfer or Issue of Security by a Person... Disclosure of Voting results of AGM (Clause 35A)
Hathway Cable & Datacom Ltd has informed BSE regarding the details of Voting results at the 55th Annual General Meeting (AGM) of the Company held on August 11, 2015, under Clause 35A. Announces Q1 results & Limited Review Report for the Quarter ended June 30, 2015
Hathway Cable & Datacom Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2015 The Company has posted a net loss of Rs. (439.123) million for the quarter ended June 30, 2015 as compared to net loss of Rs. (9.247) million for the quarter ended June 30, 2014. Total Income has increased from Rs. 2538.455 million for the quarter ended June 30, 2014 to Rs. 2684.484 million for the quarter ended June 30, 2015.