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Published: Sep 9, 2024 3:22 PM | 1 min read
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DTH company Hathway has sold its entire 51% equity stake in Hathway Prime to Manmohan Singh Bajwa.
The stake, which amounts to 2,29,500 equity shares, has been sold for an aggregate consideration of Rs. 7,80,300, the company informed BSE in a communication.
“After receipt of the consideration, the Company has completed the transfer of the equity shares and consequently, Hathway Prime has ceased to be a subsidiary of the Company effective from today,” the communication stated.
“Manmohan Singh Bajwa is one of the existing shareholders of Hathway Prime and does not belong to Promoter/ Promoter Group/ group companies of the Company. The transaction does not fall within related party transaction,” it read further.
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