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02 December, 2020 00:49 IST
GTPL Hathway sells entire stake in GTPL Space City
Source: IRIS | 19 Nov, 2020, 04.35PM
Rating: NAN / 5 stars.
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 GTPL Hathway, one of India's leading Cable TV and Broadband service providers, has sold its entire 61.50% stake in GTPL Space City on Nov. 18, 2020. Consequently, GTPL Space City has ceased as a subsidiary of the company.

The share purchase agreement has been executed and the sale completed on Nov. 18, 2020. The company has received a consideration of Rs 18,74,520 (12,300 equity shares at Rs 152.40 a share having face value of Rs. 10 each) from the said stake sale.

Jayshriben H Sorathia, one of the existing shareholders of GTPL Space City, has acquired the said shares.

 Shares of the company declined Rs 4.85, or 3.88%, to trade  at  Rs 120.  The total volume of shares traded  was  46,420 at  the BSE (Thursday).

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