GTPL Hathway Limited to Fully Own DL GTPL Cabnet for ₹8.33 Crore

GTPL Hathway Limited has approved the cash purchase of the remaining 74% stake in DL GTPL Cabnet Private Limited for ₹8.325 crore, which will make the cable distribution company a wholly owned subsidiary. The target reported revenue of ₹63.711 crore for the year ended March 31, 2026, while GTPL Hathway reported quarterly consolidated revenue of ₹1,143.06 crore for the September 2026 quarter.

What has GTPL Hathway approved?

GTPL Hathway has approved the acquisition of 88,800 equity shares in DL GTPL Cabnet, representing the balance 74% shareholding that it does not already own. GTPL Hathway held a 26% stake in the company before the proposed transaction, according to management comments cited with the announcement.

The buyer will pay ₹937.50 for each share, taking the total cash consideration to ₹8.325 crore. The board approval was disclosed under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements regulations on October 13, 2026. The acquisition is expected to be completed by October 31, 2026.

The stated purpose of the transaction is to consolidate DL GTPL Cabnet’s business operations within GTPL Hathway. Once the purchase is completed, DL GTPL Cabnet will become a wholly owned subsidiary, giving GTPL Hathway full ownership rather than a minority position.

The company said no governmental or regulatory approvals are required for the transaction. It also disclosed that its promoter, promoter group and group companies have no interest in the deal, a disclosure relevant to assessing whether the acquisition involves related-party considerations.

How large is DL GTPL Cabnet’s business?

DL GTPL Cabnet reported total revenue of ₹63.711 crore for the financial year ended March 31, 2026. This figure provides the reported financial scale of the entity being acquired, although the announcement does not provide its profit, net worth, subscriber revenue mix or valuation methodology beyond the per-share purchase price.

Management said DL GTPL Cabnet has about 1.5 lakh cable television subscribers across Gujarat, Maharashtra and Madhya Pradesh. These are markets where GTPL Hathway already has operations, which management identified as a basis for operational synergies after integration.

The company described the locations as HSM markets, referring to Hindi-speaking market areas. Its comments indicate that the transaction is intended to bring an existing subscriber base and local operating presence under direct group control rather than establish an entirely new market footprint.

Why does full ownership matter for GTPL Hathway?

Full ownership will allow GTPL Hathway to consolidate DL GTPL Cabnet as a wholly owned subsidiary and align its operations directly with the group’s cable distribution business. The company has said the deal is intended to consolidate business operations, while management has pointed to its existing presence in Gujarat, Maharashtra and Madhya Pradesh.

A wholly owned structure can simplify operating coordination because the parent controls the subsidiary’s business decisions and integration process. However, GTPL Hathway has not quantified expected cost savings, revenue gains or the financial contribution expected from the full ownership of DL GTPL Cabnet.

Management said integration would occur at the operational and ground levels because GTPL Hathway already operates in the relevant markets. It also said the integration process is expected to be completed by the end of FY2027, with the current and following quarters identified as key periods for milestones.

The acquisition price for the 74% holding was described by the chief financial officer as being at the same price at which GTPL Hathway held its earlier 26% stake. The disclosed per-share consideration of ₹937.50 and the total cash outlay establish the terms, but the announcement does not provide a separate independent valuation or detailed calculation for the earlier stake.

How does the deal fit GTPL Hathway’s recent expansion?

The DL GTPL Cabnet transaction follows GTPL Hathway’s acquisition of cable television businesses from seven ACT Group companies. That transaction was completed on September 15, 2026, for aggregate cash consideration of ₹35.55 crore and was effective from July 1, 2026 for accounting purposes as a business combination.

GTPL Hathway said the ACT Group cable businesses serve approximately 6 lakh digital television subscribers. Taken together with the approximately 1.5 lakh subscribers reported for DL GTPL Cabnet, the disclosures show the company pursuing additions to its cable distribution operations in markets where it has identified operating relevance.

The company reported a 19.2% year-on-year increase in consolidated revenue from operations to ₹1,143.06 crore for the quarter ended September 30, 2026. The board considered the DL GTPL Cabnet acquisition while approving the unaudited financial results for that quarter.

The disclosures do not attribute the September-quarter revenue growth to the DL GTPL Cabnet transaction. Since the planned purchase of the remaining stake is expected to close by October 31, 2026, its full ownership falls after the quarter ended September 30. The ACT Group acquisition, by contrast, was already completed during the September quarter.

What should investors assess after the acquisition closes?

Investors can assess the transaction against its stated objective of business consolidation and the disclosed integration timetable. The immediate financial commitment is ₹8.325 crore in cash, while DL GTPL Cabnet’s reported FY2026 revenue was ₹63.711 crore and its subscriber base was approximately 1.5 lakh.

The significance of the deal will depend on how GTPL Hathway integrates local operations with its existing networks in Gujarat, Maharashtra and Madhya Pradesh. Management has indicated that benefits are expected to flow from these overlapping markets, but it has not disclosed numerical targets for subscriber additions, margins, costs or revenue synergies.

The acquisition also sits alongside the larger ACT Group cable business purchase, which involved ₹35.55 crore in cash consideration. These transactions make integration execution relevant for the company’s cable distribution operations, particularly as management has indicated that operational integration should be completed by the end of FY2027.

Conclusion

GTPL Hathway’s proposed purchase of DL GTPL Cabnet’s remaining 74% stake will convert an existing associate-level holding into full ownership for ₹8.325 crore. The target’s ₹63.711 crore FY2026 revenue and approximately 1.5 lakh subscriber base place the deal within GTPL Hathway’s ongoing consolidation of cable distribution operations across markets where it already has a presence.

The next disclosed milestone is completion of the acquisition by October 31, 2026. Investors will also watch the operational integration process, which management expects to complete by the end of FY2027, and any future disclosure on the financial benefits from combining DL GTPL Cabnet with GTPL Hathway’s existing operations.