GTPL Hathway divests stake in GTPL Shiv Network

Posted in:

Gujarat headquartered Multi System Operator (MSO) GTPL Hathway has sold it’s stake in one of its subsidiary company yesterday post which the company has ceased to be a subsidiary of the company.

The company yesterday informed BSE about the entire stake sale of its 51 percent stake holding amounting to 10,200 equity shares having a face value of Rs 10 each on GTPL Shiv Network on January 1, 2021. The stake sale has happened for a cash consideration of Rs 2 million through Share Transfer Agreement dated January 1, 2021. As a result of the stake sale, GTPL Shiv Network has ceased to be a subsidiary of GTPL Hathway.

GTPL Shiv Network reported total income of Rs 2.51 million which accounted to 0.01 percent of consolidated income the company and net worth of Rs 0.13 million which accounted to 0.002 percent of consolidated net worth of the company in FY 2019-20.

GTPL Shiv Network has been acquired by Varjangbhai Bhagwanbhai Bhadka. “The acquirer viz. Varjangbhai Bhagwanbhai Bhadka does not belong to the promoter/ promoter group/ group companies. The transaction does not fall within related party transactions,” the company stated in its BSE filing.

DreamDTH is the source for breaking news and exclusive updates in DTH and Television industry! For the latest news and updates, follow us on Twitter, Google News, Telegram and Facebook. For the latest videos updates, subscribe to our YouTube channel.

Avatar of Basil Kannagi Arasu
Basil Kannagi Arasu


Basil currently works as the Editor-in-chief at DreamDTH. He likes to write and cover the latest happenings in the Media and Entertainment Industry in India. You can always find him browsing his phone.

Notify of
Inline Feedbacks
View all comments

Visit our forums

Join the discussions with thousands of active members who share the same interests as you and learn something new...