GTPL Hathway moves up on increasing stake in GTPL Rajwadi Network
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GTPL Hathway is currently trading at Rs. 191.90, up by 8.30 points or 4.52% from its previous closing of Rs. 183.60 on the BSE.
The scrip opened at Rs. 187.60 and has touched a high and low of Rs. 193.00 and Rs. 187.60 respectively. So far 8591 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 313.15 on 07-Oct-2021 and a 52 week low of Rs. 117.00 on 08-Apr-2021.
Last one week high and low of the scrip stood at Rs. 193.00 and Rs. 171.05 respectively. The current market cap of the company is Rs. 2164.91 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 10.30% and 14.70% respectively.
GTPL Hathway has subscribed 33,571 equity shares of Rs 10 each at the rate Rs 585 per share of GTPL Rajwadi Network, Associate Company on April 1, 2022 in lieu of settlement of the outstanding dues as per Share Subscription Agreement executed on April 1, 2022. The increase in shareholding in GTPL Rajwadi is strategic in nature. Pursuant to said subscription, the company's shareholding in GTPL Rajwadi has increased from 25% to 72% and it has become a subsidiary of the company.
GTPL Hathway provides digital cable television and broadband services. The company provides channels across various genres. It provides facility for renewal or change plans for cable television/broadband package.
