IFLR1000

Reliance Industries Rs29.4 billion acquisition of a 51.03% stake in Hathway Cable and Datacom

30/1/2019
Public acquisition
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Re 29.4 billion

$ 414.654 million

Completed

30/1/2019

Overview:

  • Multinational conglomerate Reliance Industries has acquired a 51.03% stake in cable television service operator Hathway Cable and Datacom for Rs29.4 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Cyril Amarchand Mangaldas

Party: Reliance Industries (Acquirer)

Lawyer: Cyril Shroff

Khaitan & Co

Party: JM Financial (Manager)

Trilegal

Party: Hathway Cable and Datacom (Target)

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