RIL to buy majority stakes in Den Net, Hathway Cable

RIL will make a "primary investment of Rs 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs 245 crore from the existing promoters for a 66 per cent stake in DEN", the company said in a statement. Also, it will make a primary investment of Rs 2,940 crore through a preferential issue for a 51.3 per cent stake in Hathway.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2J0EqYc