As part of restructuring the business, company's board today gave its 'in-principal' approval to "demerge, transfer and vest" its entire broadband business to the subsidiary, Hathway said in a statement.
However, the same would be subject to mandatory approval from its shareholders, creditors and regulatory bodies, it added.
Commenting on the development, Hathway Cable and Datacom Ltd MD & CEO Jagadish Kumar said: "The restructuring recognises that the market dynamics of the broadband business are unique as compared to our parent cable television business."