Announced Tue, 23 Jun · 14:40 IST

GTPL Hathway to acquire ACT Group cable TV business for Rs 36.23 cr

Listed Co AcquisitionStrategic Transactions View source PDF

GTPL · price

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Price reaction · full curve 14 horizons · vs prior close

-6.5%1-day move

₹63.66

prior close

₹59.97

base price

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AI summary

GTPL Hathway has signed a Business Transfer Agreement to acquire the cable TV business of seven ACT Group companies for Rs 36.23 crore in cash, via slump sale on a going concern basis. The deal adds about 6 lakh cable TV subscribers across Andhra Pradesh, Telangana, Orissa and Karnataka. Combined turnover of the seven target entities was around Rs 164 crore in FY26, with FY25 around Rs 189 crore. The acquisition is not a related party transaction, and no regulatory approvals are required. Expected completion by 15 September 2026.

Likely market impact

Adds about 6 lakh cable TV subscribers across four states, supporting GTPL's growth strategy. Deal size is modest and funded through internal cash.