Hathway Cable & Datacom Limited, a prominent player in the cable and broadband industry, has announced a strategic move to streamline its corporate structure. The company has sold its entire equity stakes in three subsidiaries and one associate company to Infomedia and Networking Private Limited (INPL) for a total consideration of ₹40.00.

Divestment Details

The transaction, which was completed on November 19, 2025, at approximately 4:17 PM (IST), involved the following stake sales:

Impact on Hathway's Financials

Hathway Cable & Datacom Limited has clarified that the divested entities were non-operating companies with no contribution to the company's consolidated turnover and net worth for the fiscal year 2024-25. As a result of this transaction, these companies have ceased to be subsidiaries or associates of Hathway, effective immediately.

About the Buyer

Infomedia and Networking Private Limited, the acquirer of these stakes, is a company incorporated under the Companies Act, 1956. INPL operates in the cable and broadband sector but is not affiliated with Hathway's promoter or promoter group companies. The transaction is not classified as a related party transaction.

Strategic Implications

This divestment appears to be part of Hathway's efforts to optimize its corporate structure by offloading non-operational entities. While the monetary value of the transaction is nominal at ₹40.00, the move could potentially lead to a more streamlined organizational setup for Hathway Cable & Datacom Limited.

The company's decision to divest these non-contributing entities might indicate a focus on core operations in the cable and broadband market.

Hathway Cable & Datacom , a prominent player in India's cable television and broadband internet services, has announced a significant addition to its leadership team. The company's Board of Directors has approved the appointment of Mr. Amrish Kumar as Vice President of Billing & Collection, effective November 17, 2025.

Strategic Appointment

The decision to bring Mr. Kumar on board was based on the recommendation of Hathway's Nomination and Remuneration Committee, signaling the company's commitment to strengthening its financial operations and customer service capabilities.

Extensive Experience

Mr. Amrish Kumar brings over 22 years of experience in billing and collections to his new role at Hathway. His expertise spans the entire customer lifecycle, including:

• Upselling
• Cross-Selling
• Retention
• Customer Insights & Analysis

This comprehensive skill set is expected to enhance Hathway's financial processes and customer relationship management.

Educational Background

Kumar's academic credentials include:

• Masters of Computer Applications (MCA) from Punjab University (2003)
• MBA from Sikkim Manipal University (2010)

Previous Role

Prior to joining Hathway, Mr. Kumar held the position of General Manager – Prepaid Operations and Retention Head at Vodafone Idea Ltd.

Implications for Hathway

The appointment of Mr. Kumar as VP of Billing & Collection comes at a time when efficient financial management and customer retention are crucial in the competitive telecom and cable TV sectors. His expertise could potentially help Hathway in:

1. Streamlining billing processes
2. Improving collection efficiency
3. Enhancing customer retention rates
4. Developing more effective upselling and cross-selling strategies

As the cable and broadband industry continues to evolve, Hathway's decision to strengthen its billing and collection leadership suggests a focus on financial efficiency and customer relationship management.