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GTPL Hathway inks pact to acquire balance 49% stake in GTPL Sorath Telelink

02 Jul 2024 Evaluate

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.


GTPL Hathway Share Price

68.95 -0.88 (-1.26%)
20-Apr-2026 11:11 View Price Chart
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