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GTPL Hathway to Fully Acquire GTPL Vision for ₹11.31 Crore

GTPL Hathway Acquires 49% Stake in GTPL Vision for Full Ownership

GTPL Hathway Limited to Acquire Remaining Stake in GTPL Vision Services

GTPL Hathway Limited (GTPL) is set to acquire the remaining 49% stake in GTPL Vision Services Private Limited (GTPL Vision) for a cash consideration of ₹11.31 crore. This acquisition will make GTPL Vision a wholly-owned subsidiary of GTPL.

Key Details of the Acquisition:

  • Agreement Date: December 31, 2024
  • Stake Acquired: 49% (1,00,000 equity shares at ₹10 each)
  • Total Consideration: ₹1131 per share, amounting to ₹11.31 crore
  • Objective: Consolidate business operations
  • GTPL Vision’s Core Business: Television channel distribution
  • GTPL Vision’s Turnover:
    • FY 2023-24: ₹165.19 million
    • FY 2022-23: ₹165.00 million
    • FY 2021-22: ₹185.03 million
  • Related Parties: Five of the six transferors are related parties, but the transaction is conducted at arm’s length.
  • Regulatory Approvals: None required
  • Completion Timeline: Within 90 days

The promoters, promoter group, or group companies of GTPL have no involvement or interest in this transaction.

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