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Breaking GTPL Hathway board okays additional stake buy in subsidiaries

  • Thread starter Manu
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Manu

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MUMBAI: The board of directors of GTPL Hathway has approved the acquisition of additional stake in subsidiaries besides the sale/transfer of shareholding and preferential shares in a subsidiary company.

The multi-system operator (MSO) will increase its shareholding in subsidiary GTPL Space City from 61.50 per cent equity share to 74.5 per cent by acquiring additional 13 per cent equity shares. The company will also make GTPL Junagadh a wholly owned subsidiary by acquiring remaining 49 per cent stake.
GTPL Hathway board okays additional stake buy in subsidiaries
 
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