GTPL Hathway Acquires ACT Group Cable TV Business for ₹36.23 Cr

GTPL Hathway Ltd has entered into a Business Transfer Agreement to acquire the Cable Television Business of seven companies belonging to ACT Group for an aggregate cash consideration of ₹36.23 crore. The acquisition, structured as a slump sale, includes businesses operating across Andhra Pradesh, Telangana, Orissa, and Karnataka, serving approximately 6.00 lakh subscribers. This move is part of GTPL Hathway's strategy to expand its Cable Television Business. The transaction is expected to be completed by September 15, 2026, and does not require governmental or regulatory approvals. None of the company's promoters or group entities have an interest in the acquired entities.