Providence ups stake in India's Hathway Cable & Datacom
Providence Equity Partners has increased its stake in Indian cable and broadband operator Hathway Cable & Datacom by injecting INR1.5 billion ($25.1 million) alongside the promoter.
Providence will invest INR1.1 billion in the company while the rest will come from Hathway Investments - an entity owned by the promoter - for a total 3.55% stake. According to a regulatory filing, Providence...
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