GTPL Hathway has entered into a share transfer agreement to acquire balance 49% of equity stake i.e., 1,00,000 equity shares of Rs 10 each from the existing shareholders of GTPL Vision Services (GTPL Vision), a subsidiary of the Company for a cash consideration of Rs 1131 per equity share aggregating Rs 11.31 crore.
The aforesaid acquisition of equity shares is for consolidation of business operations. Post acquisition, GTPL Vision will become a wholly owned subsidiary of the Company. GTPL Vision, incorporated on March 17, 2008, is engaged in the distribution of television channels. The turnover of GTPL Vision for FY 2023-24, FY 2022-23 and FY 2021-22 was Rs 16.52 crore, Rs 16.50 crore and Rs 18.50 crore respectively.
GTPL Hathway is a leading regional Multi-System Operator (MSO) in India, offering cable television and broadband services.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 87.70 |
| Sun TV Network | 650.35 |
| GTPL Hathway | 68.16 |
| Network 18 Media Inv | 35.92 |
| TV Today Network | 115.94 |
| View more.. | |
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