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GTPL Hathway Divests Stake in Non-Operating Associate

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GTPL Hathway Ltd ( (IN:GTPL) ) has issued an update.

GTPL Hathway Limited has announced the sale of its entire 50% equity stake in GTPL Jay Mataji Network Private Limited to Mr. Deepak Kumar Yadav for Rs. 1,00,000. This transaction marks the end of GTPL Jay Mataji’s association with GTPL Hathway, as the former is a non-operating company with no contribution to GTPL Hathway’s consolidated turnover and net worth for FY 2023-24. The sale does not involve any related party transactions and is not expected to impact GTPL Hathway’s operations or market positioning.

More about GTPL Hathway Ltd

GTPL Hathway Limited operates in the telecommunications industry, primarily providing cable television and broadband services. The company focuses on delivering digital cable TV services and high-speed internet to a wide range of customers across India.

YTD Price Performance: -16.85%

Average Trading Volume: 5,864

Current Market Cap: 12.84B INR

For detailed information about GTPL stock, go to TipRanks’ Stock Analysis page.

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