Increase in the Foreign Investment Limit for FIIs, FPIs, etc. under the Portfolio Investment Scheme from 49% to 74% of Issued and fully paid up share capital

• Security Code: 533162
• Company: HATHWAY

Hathway Cable & Datacom Ltd has informed BSE that Hathway Cable & Datacom Limited ("the Company") had applied for approval of Foreign Investment Promotion Board (FIPB) for increasing foreign investment limit only for Foreign Institutional Investors including its sub-accounts (FIIs), Foreign Portfolio Investors (FPIs), etc. under the Portfolio Investment Scheme in accordance with Schedules 2 and 2A of the FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 in the Company from 49% of its issued and fully paid up share capital under the automatic route to 74% of its issued and fully paid up share capital under the approval/government route and consequent transfer/change of ownership only (and not control) of the Company from persons resident in India to persons resident outside India, if any.

In this regard, FIPB have approved the above increase i.e. from 49% of its issued and fully paid up share capital under the automatic route to 74% of its issued and fully paid up share capital for FMs and FPIs under Portfolio Investment Scheme vide its letter dated August 03, 2015.