GTPL Hathway Ltd shares fall 3.4% as it updates on ACT Group cable television business acquisition
Why did GTPL Hathway Ltd shares fall today?
GTPL Hathway Ltd shares fell 3.4% today, closing at ₹55.05. The stock movement came after the company announced the completion of its acquisition of the cable television business from seven companies belonging to the ACT Group. This development, disclosed in a filing to the stock exchanges on Monday evening, appears to have prompted a negative reaction from investors.
The acquisition was completed for an aggregate cash consideration of ₹35.55 Crores. This announcement is an update to a prior disclosure made on June 23, 2026, confirming that the deal has now been finalized. Essentially, GTPL Hathway has expanded its operations by taking over the cable TV services previously run by these seven ACT Group companies.
The share price decline suggests that the market may be reacting to the significant cash outflow involved in this purchase. Investors might be cautious about the impact of this expenditure on the company's short-term finances or may have concerns about the future profitability and integration of the newly acquired business.
What does GTPL Hathway Ltd do?
GTPL Hathway Ltd is a publicly traded company listed on both the BSE Limited and the National Stock Exchange of India. The company operates within the cable television sector, as evidenced by its involvement in the acquisition of related business operations.
The company has finalized the acquisition of the Cable Television Business from seven separate companies associated with the ACT Group. This transaction was completed for a total cash consideration of Rs. 35.55 Crores.
GTPL Hathway Ltd Financials
In CroresGTPL Hathway Ltd's financials show a positive trend from the March 2026 quarter to the June 2026 quarter. Revenue increased from ₹923.84 crore to ₹1015.41 crore, representing a quarter-on-quarter growth. More significantly, the company's profitability improved, moving from a net loss of ₹15.02 crore in March 2026 to a net profit of ₹2.32 crore in June 2026.
GTPL Hathway Ltd Shareholding Pattern
Promoter holding stands at 75.0% of the total share capital. Foreign Institutional Investors (FIIs) hold 7.18% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 17.81% stake in GTPL Hathway Ltd.
GTPL Hathway Ltd FAQs
Q: Why did GTPL shares fall 3.4% today?
Disclosure under Regulation 30 of the SEBI (LODR) Regulations 2015 - Update on acquisition of Cable Television Business of various companies belonging to ACT Group. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of GTPL Hathway Ltd?
As per the latest data, promoters hold 75.0% stake in GTPL Hathway Ltd, while FII holding stands at 7.18%. Domestic institutional investors hold 0.0%, and public shareholders account for 17.81% of the equity.
Q: What is the current stock price of GTPL Hathway Ltd?
GTPL Hathway Ltd shares are currently trading at ₹55.05, recording a decline of 3.4% from the previous close.
Q: What is the market capitalization of GTPL Hathway Ltd?
The company currently has a market capitalization of ₹619.11 crore, reflecting its valuation in the Indian equity market.