GTPL Hathway Limited has informed the Exchange about update on acquisition of equity stake in GTPL Vision Services Private Limited, a subsidiary of the Company.
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GTPL Hathway is extending the timeline to complete its acquisition of the remaining 49% equity stake in its subsidiary GTPL Vision Services Private Limited. The new closing date is September 30, 2025, pushed back by 3 months from the earlier deadline of June 30, 2025. The deal terms remain unchanged: 1,00,000 equity shares at Rs. 1,131 per share, totalling Rs. 11.31 crore in cash. Once completed, GTPL Vision will become a wholly-owned subsidiary of GTPL Hathway. The original share transfer agreement was signed on December 31, 2024, and this is the second extension granted by mutual agreement.
The delay is procedural and minor, with no change in deal value or terms. Shareholders should view this as neutral; once the deal closes, GTPL Vision will be fully consolidated, which may marginally improve reported earnings but has limited impact on the overall stock given the small deal size relative to GTPL Hathway's operations.