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GTPL Hathway enters into Share Transfer agreement for disposing stake in Subsidiaries

09 Sep 2021 Evaluate

GTPL Hathway has entered into Share Transfer agreement for disposing its entire 74.50% stake i.e. 14,900 Equity Shares of GTPL Alunedabad, Subsidiary Company on September 8, 2021, for which the Company has received consideration of Rs 1,49,000. The company has also entered into Share Transfer agreement for disposing its entire 51% stake i.e. 5,100 Equity Shares of GTPL Sharda, Subsidiary Company on September 8, 2021, for which the Company has received consideration of Rs 51,000 and for disposing its entire 51% stake i.e. 5,100 Equity Shares of GTPL Video, Subsidiary Company on September 8, 2021, for which the Company has received consideration of Rs 51,000.

Pursuant to the same, GTPL Ahmedabad, GTPL Sharda and GTPL Video have ceased as subsidiaries of the Company. 

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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