Whalesbook
Hathway Cable & Datacom Ltd has acquired the remaining 49% stake in its subsidiary, Channel 5, for a nominal ₹40,000. The transaction, effective April 13, 2026, makes Channel 5 a wholly-owned subsidiary. Channel 5 reported no turnover for the fiscal years 2023-24, 2024-25, and 2025-26.
The acquisition aims to consolidate operations under Hathway's full ownership. Although the subsidiary generated no revenue over the past three fiscal years, gaining complete control simplifies Hathway's group structure by removing minority interests. This move could also pave the way for clearer accounting and potential future strategic decisions regarding Channel 5's assets.
Hathway Cable & Datacom Ltd is a prominent Indian provider of cable television and broadband services, operating across numerous cities. The company is part of the Reliance Industries Group. Hathway has a history of consolidating its operations through subsidiary acquisitions; for instance, in FY21-22, it acquired the remaining stake in Hathway Kokan Crystal Cable Network Limited to make it a wholly-owned subsidiary.
In the competitive Indian telecommunications and media sector, Hathway competes with major players like Den Networks Ltd., GTPL Hathway Ltd., and Tata Play. These peers also operate extensively in the cable TV and broadband segments, navigating market dynamics, technological shifts, and regulatory landscapes.
Looking ahead, investors will monitor Hathway's future financial reports for any changes in how Channel 5's operations are presented post-consolidation. The move may also signal further restructuring or strategic shifts across Hathway's other subsidiaries.