Hathway denies RIL stake reports

Hathway Cable & Datacom has denied the media reports of 'Reliance Industries plan to acquire 26 percent stake in the company.'

''Nobody from Reliance Industries (RIL) has ever approached our company or anybody associated with our company and that the media reporters never called anybody in our organisation. Hence, the media report is baseless and untrue in relation to whatever has been quoted with respect to our company,'' stated the company.

Hathway is one of the largest cable TV services company of India focussing on three service areas- Cable TV, Digital Cable TV and broadband internet.

The media had reports that RIL is planning to pick 26 percent stake in the company. The exchange had written to the company, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place, so that the interest of the investors is safeguarded.