A unit of Rupert Murdoch's News Corp sold its 17.3% stake in Indian cable television services provider Hathway Cable and Datacom Ltd for Rs360 crore.
Asian Cable Systems Private Ltd sold 24.7 million shares of Hathway to Providence Equity Advisors and Macquarie for about Rs145 a share, according to filings with the National Stock Exchange.
Asian Cable Systems was the biggest shareholder in the company before the deal.
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Asian Cable Systems Private Ltd sold 24.7 million shares of Hathway to Providence Equity Advisors and Macquarie for about Rs145 a share, according to filings with the National Stock Exchange.
Asian Cable Systems was the biggest shareholder in the company before the deal.
....more info