GTPL Hathway has entered into a share transfer agreement to acquire balance 49% of equity stake i.e., 72,609 equity shares of Rs 10 each from the existing shareholders of GTPL Sorath Telelink, a subsidiary of the company for a cash consideration of Rs 10 per equity share aggregating Rs 7.26 lakh.
The aforesaid acquisition of equity shares is for consolidation of business operations. Post acquisition, GTPL Sorath will become a wholly owned subsidiary of the company. The acquisition is expected to be completed within a period of 60 days.
GTPL Hathway is a leading regional Multi-System Operator (MSO) in India, offering cable television and broadband services.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 82.20 |
| Sun TV Network | 648.80 |
| GTPL Hathway | 68.95 |
| Network 18 Media Inv | 35.86 |
| TV Today Network | 113.78 |
| View more.. | |
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