RIL gets CCI nod to acquire Hathway, Den for â¹5,230 crore
Mukesh Ambani-led Reliance Industries has received the Competition Commission of India's (CCI) approval to acquire majority stakes in Den Networks, and Hathway Cable & Datacom, two of India's largest cable operators. Reliance will take 66% stake in Den for â¹2,290 crore and 51.3% stake in Hathway for â¹2,940 crore. The acquisition will give Reliance control of 27,000 local cable operators.