Date: June 23, 2026
Acquisition / Strategic Actions
GTPL Hathway Limited has entered into a Business Transfer Agreement (BTA) with seven companies belonging to the ACT Group on June 23, 2026, at approximately 12:30 p.m. The agreement involves the acquisition of their Cable Television Business for an aggregate cash consideration of ₹36.23 crore. The acquisition is structured as a slump sale on a going concern basis.
The seven acquired companies are:
1. A.C.N Cable Private Limited (Incorporated: March 17, 2008)
2. ACT Digital Home Entertainment Private Limited (Incorporated: July 7, 2008)
3. Atria Broadband Services Private Limited (Incorporated: July 26, 2000)
4. Kable First India Private Limited (Incorporated: November 20, 2006)
5. Sri Venkateshwara Digital Home Entertainment Private Limited (Incorporated: May 4, 2010)
6. Mandapeta Digital Entertainment Private Limited (Incorporated: April 29, 2010)
7. I.B. Communications Network Private Limited (Incorporated: July 2, 2010)
These entities serve approximately 6.00 lakh Cable Television subscribers across multiple cities in Andhra Pradesh, Telangana, Orissa, and Karnataka.
Financial turnover details of the acquired companies:
- A.C.N Cable Private Limited: FY 2025-26: ₹722.52 million, FY 2024-25: ₹769.86 million, FY 2023-24: ₹827.77 million
- ACT Digital Home Entertainment Private Limited: FY 2025-26: ₹669.42 million, FY 2024-25: ₹776.85 million, FY 2023-24: ₹831.35 million
- Atria Broadband Services Private Limited: FY 2025-26: ₹95.34 million, FY 2024-25: ₹118.45 million, FY 2023-24: ₹131.72 million
- Kable First India Private Limited: FY 2025-26: ₹35.76 million, FY 2024-25: ₹102.23 million, FY 2023-24: ₹111.26 million
- Sri Venkateshwara Digital Home Entertainment Private Limited: FY 2025-26: ₹37.93 million, FY 2024-25: ₹40.29 million, FY 2023-24: ₹44.39 million
- Mandapeta Digital Entertainment Private Limited: FY 2025-26: ₹21.31 million, FY 2024-25: ₹21.94 million, FY 2023-24: ₹24.56 million
- I.B. Communications Network Private Limited: FY 2025-26: ₹60.61 million, FY 2024-25: ₹64.71 million, FY 2023-24: ₹73.03 million
The acquisition is part of GTPL Hathway's strategy to expand its Cable Television Business. The transaction does not constitute a related party transaction, and none of GTPL's promoters, promoter group, or group companies have any interest in the acquired entities.
No governmental or regulatory approvals are required for this acquisition. The transaction is expected to be completed by September 15, 2026.
Compliance & Signatory
The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document is signed by Shweta Sultania, Company Secretary and Compliance Officer of GTPL Hathway Limited, with digital signature timestamped June 23, 2026, at 14:16:25 +05:30.