GTPL Hathway Acquires Cable Television Businesses of Seven ACT Group Companies for Rs 36.23 Crore
GTPL Hathway Ltd has entered into a Business Transfer Agreement (BTA) to acquire the Cable Television business of seven companies belonging to the ACT Group, as part of its strategy to expand the Cable Television sector. The acquisition was finalized on June 23, 2026.The transaction involves acquiring the businesses of 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.
The acquisition is structured as a slump sale on a going concern basis for an aggregate cash consideration of Rs 36.23 crore. These entities are currently involved in the Cable Television business across multiple cities in Andhra Pradesh, Telangana, Orissa, and Karnataka, serving approximately 6.00 lakh subscribers.
The acquired companies have varied operational histories and turnovers. Detailed information regarding the seven businesses is presented below:
| Sr No. | Name | Date of Incorporation | FY2025-26 Turnover (Rs in million) | FY2024-25 Turnover (Rs in million) | FY2023-24 Turnover (Rs in million) |
|---|---|---|---|---|---|
| 1. | A.C.N Cable Private Limited | 17-03-2008 | 722.52 | 769.86 | 827.77 |
| 2. | ACT Digital Home Entertainment Private Limited | 07-07-2008 | 669.42 | 776.85 | 831.35 |
| 3. | Atria Broadband Services Private Limited | 26-07-2000 | 95.34 | 118.45 | 131.72 |
| 4. | Kable First India Private Limited | 20-11-2006 | 35.76 | 102.23 | 111.26 |
| 5. | Sri Venkateshwara Digital Home Entertainment Private Limited | 04-05-2010 | 37.93 | 40.29 | 44.39 |
| 6. | Mandapeta Digital Entertainment Private Limited | 29-04-2010 | 21.31 | 21.94 | 24.56 |
| 7. | I.B. Communications Network Private Limited | 02-07-2010 | 60.61 | 64.71 | 73.03 |
The company noted that the transaction does not constitute a related party transaction, and neither the promoter nor the promoter group holds any interest in the acquired entities. The acquisition is anticipated to be completed by September 15, 2026.
GTPL Stock Price Movement
As of 3:17 PM, shares of GTPL Hathway Limited are slipping by 5.05% in live trading, currently priced at ₹60.3. The stock has registered a traded volume of 141,412 shares during the ongoing market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.