GTPL Hathway Share Price in Focus as it Acquires ACT Group's Cable TV Business for ₹36.23 Crore Across 4 States

On June 23, 2026, GTPL Hathway Limited entered into a Business Transfer Agreement with 7 companies from the ACT Group to acquire their Cable Television business for ₹36.23 crore. This acquisition is part of GTPL's strategy to expand its Cable TV business across multiple cities in Andhra Pradesh, Telangana, Orissa, and Karnataka. 

Details of the Acquisition 

The acquisition involves 7 companies: A.C.N Cable Private Limited, ACT Digital Home Entertainment Private Limited, Atria Broadband Services Private Limited, Kable First India Private Limited, Sri Venkateshwara Digital Home Entertainment Private Limited, Mandapeta Digital Entertainment Private Limited, and I.B. Communications Network Private Limited. These entities serve approximately 6,00,000 Cable TV subscribers. 

The total cash consideration for the acquisition is ₹36.23 crore, executed through a slump sale on a going concern basis. The acquisition does not involve any related party transactions, and no governmental or regulatory approvals are required. 

Financial Performance of Acquired Companies 

The financial performance of the acquired companies for the fiscal years 2023-24, 2024-25, and 2025-26 is as follows: 

• A.C.N Cable Private Limited: ₹827.77 million, ₹769.86 million, ₹722.52 million
• ACT Digital Home Entertainment Private Limited: ₹831.35 million, ₹776.85 million, ₹669.42 million
• Atria Broadband Services Private Limited: ₹131.72 million, ₹118.45 million, ₹95.34 million
• Kable First India Private Limited: ₹111.26 million, ₹102.23 million, ₹35.76 million
• Sri Venkateshwara Digital Home Entertainment Private Limited: ₹44.39 million, ₹40.29 million, ₹37.93 million
• Mandapeta Digital Entertainment Private Limited: ₹24.56 million, ₹21.94 million, ₹21.31 million
• I.B. Communications Network Private Limited: ₹73.03 million, ₹64.71 million, ₹60.61 million 

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Completion Timeline 

The acquisition is expected to be completed by September 15, 2026. This strategic move aligns with GTPL Hathway's goal to enhance its market presence in the Cable TV sector. 

GTPL Hathway Share Price Performance 

As of June 23, 2026, at 3:30 PM, GTPL Hathway share price on NSE was closed at ₹60.14, down by 5.31% from the previous closing price. 

Conclusion 

GTPL Hathway's acquisition of the Cable TV business from ACT Group for ₹36.23 crore involves 7 companies serving 6,00,000 subscribers. The transaction, requiring no regulatory approvals, is set for completion by September 15, 2026. 

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