GTPL Hathway has agreed to sell its entire 50% equity stake (i.e. 10,000 equity shares) in GTPL Jay Mataji Network (GTPL Jay Mataji), an associate of the Company to Deepak Kumar Yadav for an aggregate consideration of Rs 1,00,000.
After receipt of the consideration, the Company has completed the transfer of the equity shares and consequently, GTPL Jay Mataji has ceased to be an associate of the Company effective from March 10, 2025.
GTPL Jay Mataji is a non-operating Company and its contribution to the consolidated turnover and net worth of the Company for FY 2023-24 was NIL.
GTPL Hathway is a leading regional Multi-System Operator (MSO) in India, offering cable television and broadband services.
