GTPL Hathway has acquired the Cable Television Business of seven entities belonging to the ACT Group for an aggregate cash consideration of ₹36.23 crore. The acquisition was executed through a Business Transfer Agreement (BTA) signed on June 23, 2026, as a slump sale on a going concern basis. This strategic move expands the company's operational footprint and subscriber base in southern and eastern India.

The acquired entities serve approximately 6.00 lakh Cable Television subscribers across multiple cities in Andhra Pradesh, Telangana, Orissa, and Karnataka. The companies involved in the transaction include A.C.N Cable Private Limited, ACT Digital Home Entertainment Private Limited, Atria Broadband Services Private Limited, Kable First India Private Limited, Sri Venkateshwara Digital Home Entertainment Private Limited, Mandapeta Digital Entertainment Private Limited, and I.B. Communications Network Private Limited.

Financials of Acquired Entities

The seven target entities have demonstrated varying financial performance over the past three fiscal years. The table below details the turnover for each company for FY23, FY24, and FY25.

Transaction Details

The acquisition is part of GTPL Hathway's strategy to expand its Cable Television Business. The company confirmed that the transactions do not fall within related party transactions, and none of its promoters, promoter group, or group companies hold any interest in the acquired entities. No governmental or regulatory approvals are required for the acquisition, which is expected to be completed by September 15, 2026.

GTPL Hathway Limited has informed the stock exchanges regarding a declaration submitted by its promoter, Anirudhsinh Noghubha Jadeja. The disclosure confirms that no encumbrance has been created on the shares of the company held by the promoter during the financial year 2025-26.

The declaration was submitted in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on their holdings to ensure transparency in the market.

Declaration Details

The promoter explicitly stated that he has not created any encumbrance on the shares of GTPL Hathway Limited held by him, either directly or indirectly, at any point during the financial year 2025-26. The communication was addressed to BSE Limited and the National Stock Exchange of India Limited.

The company has requested the exchanges to take the declaration on record. Copies of the declaration have also been forwarded to the Company Secretary and the Audit Committee of GTPL Hathway Limited.