GTPL Hathway Limited — Important, 10-03-2025: Diversification/Disinvestment
10-03-2025 | 03:33 pm
10-03-2025 | 03:33 pm
GTPL Hathway has agreed to sell its entire 50% equity stake in GTPL Jay Mataji Network Private Limited to Mr. Deepak Kumar Yadav for Rs. 1,00,000. This non-operating associate contributed nothing to the company's consolidated turnover and net worth for FY 2023-24. With the completion of this sale, GTPL Jay Mataji is no longer an associate of GTPL Hathway. This decision streamlines the company’s focus on core operations, and while it's a minor financial move, it reflects a strategic adjustment that could lead to an improved focus on more productive ventures, indicating a neutral impact on investor sentiment.
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