RIL to acquire majority stakes in Den Networks (DEN), and Hathway Cable & Datacom (Hathway): CCI

Highlights:

  • On 23 January 2019 Reliance Industries Limited (RIL) received the CCI's approval to acquire majority stakes in Den Networks and Hathway Cable & Datacom.
  • Mukesh Ambani-led Reliance Industries Limited (RIL) acquire majority stakes in two India's largest cable operators.
  • Reliance will take 66% stake in Den for Rs. 2,290 crore and 51.3% stake in Hathway for Rs. 2,940 crore. The acquisition will give RIL control of around 27,000 local cable operators.