GTPL Hathway Completes Acquisition of Remaining 49% Stake in GTPL Vision Services 7 days ago
GTPL Hathway Limited has completed the acquisition of the remaining 49% equity stake in GTPL Vision Services Private Limited, making it a wholly owned subsidiary. The transaction involved purchasing 1,00,000 equity shares at Rs. 10.00 each from existing shareholders, finalizing on August 5, 2025, at approximately 11:00 p.m. This acquisition follows previous intimations to stock exchanges and complies with SEBI regulations.
GTPL Hathway Limited announced its Q4 and FY 2024-25 financial results. Q4 consolidated revenue increased by 10.30% YoY to ₹8.91 billion, but net profit decreased by 19.60% to ₹106.00 million. Annual revenue grew 8.20% to ₹34.77 billion, while net profit fell significantly to ₹492.00 million from ₹1,117.90 million in FY 2023-24. The company's Cable TV business remained the largest revenue contributor. A dividend of ₹2.00 per share was recommended. GTPL Hathway obtained approval for HITS Broadcasting services, indicating future growth potential despite current profitability challenges.
GTPL Hathway Limited has obtained permission to operate Headend-In-The-Sky (HITS) broadcasting services for 10 years, starting March 27, 2025. The HITS platform will be located in Ahmedabad, Gujarat. This development allows GTPL Hathway to expand its reach, enhance service offerings, and gain a competitive edge in India's broadcasting sector.