GTPL Hathway hikes stake in GTPL Surat Telelink & GTPL Ahmedabad Cable Network - India's Leading Source for Broadcasting & Broadband Information - CableQuest Magazine

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Friday, 29 December 2017 05:57

GTPL Hathway hikes stake in GTPL Surat Telelink & GTPL Ahmedabad Cable Network

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GTPL Surat Telelink and GTPL Ahmedabad Cable Network are the two subsidiaries of the Multi system operator (MSO) GTPL Hathway. GTPL had 47 subsidiary and associate companies.

Now the MSO has hiked its stake in both companies, buying the remaining 49% stake in GTPL Surat Telelink. It has also acquired 23.50% stake over and above the 51% stake that it held earlier in GTPL Ahmedabad Cable Network.

The board of directors has already approved the acquisition on 28 December.

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