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GTPL Hathway to acquire remaining stake in its subsidiary company

28 Dec 2017 Evaluate

GTPL Hathway has received an approval for acquisition of remaining 49% stake in GTPL Surat Telelink, making it a wholly owned subsidiary of the Company. The board of directors of the company at their meeting held on December 28, 2017, approved the same.

The board also approved acquisition of further 23.50% stake in GTPL Ahmedabad Cable Network, a subsidiary of the Company in which the Company presently holds 51% equity shares.

GTPL Hathway provides digital cable television and broadband services. The company provides channels across various genres. It provides facility for renewal or change plans for cable television/broadband package.

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