GTPL Hathway acquires 100% shares in SCOD18 Networking Private Limited

GTPL Hathway Ltd today announced the acquisition of 100% shares of SCOD18 Networking Private Limited in a filing with the BSE.

The company has acquired 100% shares of SCOD18 Networking Private Limited as of August 5, 2019. The acquired company has an authorized share capital of Rs 6,05,00,000/- with a paid share capital of Rs 1,64,20,000/-. SCOD18 had a turnover of Rs 305.64 million as of March 31, 2019.

GTPL Hathway has acquired SCOD18 with the object of enhancing its footprint in its neighboring state Maharashtra. Pursuant to this acquisition, SCOD18 has become a wholly-owned subsidiary of the company.

SCOD18 was incorporated on February 12, 2008. It is engaged in the business of cable services. At the time of going to press GTPL Hathway share was trading at Rs 77.55 up by Rs 0.55 or 0.71% as against a previous close of Rs 77 on the BSE.