GTPL Hathway has also entered into Share Transfer Agreement to acquire 75,000 Equity Shares of Rs 10 each of GTPL Vision Services at rate of Rs 810 per share in cash consideration from the existing shareholders. The increase in shareholding in GTPL Vision is strategic in nature.
Presently, the company’s shareholding in GTPL Vision is 51.00% and post subscription and acquisition, it will increase by additional 43.12%. The transactions are expected to be completed within 6 months.
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.
