GTPL to acquire remaining 74% stake in DL GTPL for ₹8.325 Cr

GTPL Hathway Ltd's Board has approved the acquisition of the balance 74% equity stake in its subsidiary, DL GTPL Cabnet Private Limited. The company will acquire 88,800 equity shares at ₹937.50 each, totaling a cash consideration of ₹8,32,50,000 (₹8.325 Crore). This acquisition aims to consolidate business operations, making DL GTPL a wholly-owned subsidiary. DL GTPL, incorporated in 2009, distributes cable television channels. Its turnover for FY2025-26 was ₹637.11 million (₹63.711 Crore), FY2024-25 was ₹699.67 million (₹69.967 Crore), and FY2023-24 was ₹705.92 million (₹70.592 Crore). The transaction is expected to be completed by October 31, 2026. The Board also approved the unaudited financial results for the quarter and half year ended September 30, 2026.