GTPL Hathway Extends Deadline to Fully Own GTPL Vision Amid Strategic Consolidation

GTPL Hathway Ltd has extended the timeline to complete its acquisition of the remaining 49% equity stake in GTPL Vision Services Pvt Ltd to September 30, 2025, giving itself additional runway to finalize the strategic consolidation. The move follows a share transfer agreement signed on December 31, 2024, under which GTPL agreed to purchase 1,00,000 equity shares at ₹1,131 each, totaling ₹11.31 crore.

 

Once completed, GTPL Vision will become a wholly owned subsidiary, streamlining operations and enhancing GTPL Hathway’s control over its regional cable TV and broadband distribution network. GTPL Vision, incorporated in 2008, reported a turnover of ₹165.19 million in FY24, maintaining stable performance over the past three years.

 

The acquisition is being executed on an arm’s length basis, with five of the six transferors identified as related parties. However, GTPL has clarified that no promoter group or group companies have any financial interest in the transaction. Importantly, the deal requires no regulatory approvals, ensuring a smooth path to closure.

 

This extension allows GTPL Hathway to align operational and financial integrations more effectively, especially as it navigates a competitive and evolving media landscape. The company’s broader strategy includes consolidating subsidiaries to improve efficiency and strengthen its market position in India’s digital content delivery ecosystem.

 

Sources: Angel One, MoneyWorks4Me, FutureSense India