GTPL Hathway has received approval for the acquisition of balance 74% of equity shares i.e., 88,800 equity shares of Rs 10 each from the existing shareholders of DL GTPL Cabnet (DL GTPL), a subsidiary of the company for a cash consideration of Rs 937.50 per equity share aggregating Rs 8.32 crore by execution of Share Transfer Agreement (Agreement). The aforesaid acquisition of equity shares is for consolidation of business operations. Post acquisition, DL GTPL will become a wholly owned subsidiary of the company.
The Board of Directors of the company at its meeting held on October 13, 2026, has approved the same.
GTPL Hathway is a leading regional Multi-System Operator (MSO) in India, offering cable television and broadband services.
