GTPL Hathway Limited — JV/Acquisition, 31-12-2024: Acquisition

GTPL Hathway Limited has entered into a share transfer agreement to acquire the remaining 49% equity stake in GTPL Vision Services Private Limited, marking a total cost of ₹11.31 crore for 1,00,000 equity shares at ₹1,131 per share. This acquisition aims to consolidate business operations, transforming GTPL Vision into a wholly owned subsidiary. GTPL Vision reported a turnover of ₹16.52 crore in FY 2023-24, consistent with prior years. The transaction is expected to finalize within 90 days, enhancing GTPL Hathway’s market position in television channel distribution.