GTPL Hathway Extends Vision: Stake Acquisition Deadline Pushed to September 30

GTPL Hathway Ltd has officially extended the timeline for completing its acquisition of the remaining 49% equity stake in GTPL Vision Services Pvt Ltd to September 30, 2025. The move comes as part of the company’s strategic plan to consolidate its cable TV and broadband operations under a unified structure.

 

The acquisition, originally initiated through a share transfer agreement signed on December 31, 2024, involves the purchase of 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 regional dominance in the television distribution space.

 

GTPL Vision, incorporated in 2008, has maintained a stable financial performance with a turnover of ₹165.19 million in FY24. 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. The extension provides GTPL with additional time to finalize operational and financial integrations, especially as it navigates a competitive and evolving media landscape.

 

This move aligns with GTPL Hathway’s broader strategy to consolidate its subsidiaries, improve operational efficiency, and strengthen its market position in India’s fast-growing digital content delivery sector.

 

Sources: Angel One, MoneyWorks4Me, FutureSense India