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The Competition Commission of India on Tuesday gave approval to Reliance Industries for acquisition of Den Networks and Hathway Cable and Datacom. The approval will enable RIL to subscribe to the preferential issue of shares by Den Networks and Hathway Cable and purchase of Den’s shares from the promoter. In October 2018, RIL had entered into a deal to acquire 51.3 per cent stake in Hathway Cable and 66 per cent stake in Den for a total sum of ₹5,230 crore.
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