GTPL Hathway Limited entered into a share transfer agreement to acquire remaining 49% stake in Gtpl Sorath Telelink Private Limited for INR 0.73 million.

GTPL Hathway Limited (NSEI:GTPL) entered into a share transfer agreement to acquire remaining 49% stake in Gtpl Sorath Telelink Private Limited for INR 0.73 million on July 1, 2024. A cash consideration valued at INR 10 per share will be paid by GTPL Hathway Limited. The aforesaid acquisition of equity shares is for consolidation of business operations.

Post acquisition, GTPL Sorath will become a wholly owned subsidiary of the Company Gtpl Sorath Telelink Private Limited reported Total revenues of INR 66.89 million as on FY 2023-24. The acquisition is expected to be completed within a period of 60 days.