GTPL Hathway to Fully Acquire GTPL Vision for ₹11.31 Crore

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.