GTPL Hathway Acquires ACT Group's Cable TV Business for ₹36.23 Crore
GTPL Hathway will acquire the Cable TV business of seven ACT Group companies for ₹36.23 crore. The deal includes approximately 6.00 lakh subscribers across four states and is expected to close by September 15, 2026.
The acquisition involves a significant cash consideration and an increase in subscriber base, which could have a medium-term impact on the company's market share and revenue.
The acquisition is a strategic expansion for the company, indicating growth and increased market presence.
GTPL Hathway Limited has entered into a Business Transfer Agreement (BTA) on June 23, 2026, to acquire the Cable Television Business of seven companies belonging to the ACT Group. The aggregate cash consideration for this acquisition is ₹36.23 crore, to be paid via slump sale on a going concern basis.
The acquired entities operate in Andhra Pradesh, Telangana, Orissa, and Karnataka, serving approximately 6.00 lakh Cable Television subscribers. The acquisition is a strategic move to expand GTPL Hathway's Cable Television Business. The transaction does not involve related parties, and no governmental or regulatory approvals are required. The acquisition is expected to be completed by September 15, 2026.
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GTPL Hathway Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GTPL Hathway Limited. Read the original for the full detail.