The promoter group made a delisting offer to acquire remaining 25% stake in Cable Corp. of India Ltd. (BSE:500077) from public for approximately INR 370 million in cash on June 24, 2013. The promoter group also inculdes N H Khatau and H A Khatau along with all the buyer's. The promoter group will acquire 19.33 million shares of Cable Corp. of India for INR 19 each. The deal is subject to approval of Cable Corp. of India shareholders and statutory approvals. The transaction is subject to in principal approval by BSE for delisting. Board of Directors of Board of Cable Corp. of India approved the deal. As of August 7, 2013, the shareholders of Cable Corp approved the transaction. As of November 11, 2013, the transaction received in principal approval from BSE. As of December 6, 2013, Clareville Capital India Master Fund Ltd. completed the sale of its stake. As of December 13, 2013, 1.2 million shares are received under the delisting offer. Keynote Corporate Services Ltd. acted as financial advisor to the promoter group.

The promoter group completed the acquisition of the remaining 25% stake in Cable Corp. of India Ltd. (BSE:500077) from public on January 3, 2014. As of January 3, 2014, it is notified that the Cable Corp will be delisted from the Bombay Stock exchange with effect from January 9, 2013, but the offer will remain open.