Hathway Cable & Datacom Ltd. (BSE:533162) acquired remaining 49% stake in Hathway Bhaskar Multinet Pvt Ltd from D. B. Corp Limited (BSE:533151) on January 18, 2013. As per the terms of the deal, Hathway Cable & Datacom acquired 0.58 million ordinary shares and 25,000 preference shares of Hathway Bhaskar Multinet Pvt Ltd. Following the completion of the deal, Hathway Cable & Datacom now owns 100% stake in Hathway Bhaskar. For the year ended March 31, 2012, Hathway Bhaskar reported revenues of INR 481.1 million, total assets of INR 454.5 million and net loss of INR 32.3 million. Shamin Shah, Gaurav Mukherjee and Sridhar Gorthi of TriLegal Partners acted as legal advisors for Hathway Cable. Luthra & Luthra Law Offices acted as legal advisor to D. B. Corp.

Hathway Cable & Datacom Ltd. (BSE:533162) completed the acquisition of remaining 49% stake in Hathway Bhaskar Multinet Pvt Ltd from D. B. Corp Limited (BSE:533151) on January 18, 2013.