GTPL Hathway extends completion of transactions by six months for raising stake in GTPL Vision

5 Jan 2022 , 10:02 AM

GTPL Hathway Limited has further extended the completion of transactions by a further six months for the acquisition of shares in GTPL Vision Services Private Limited, Subsidiary Company.

The company had executed a Share Subscription Agreement on June 28, 2021, to subscribe 2,21,409 Equity Shares of Rs10/- each of GTPL Vision at the rate of Rs810/- per share in lieu of partial settlement of the outstanding dues and execution of Share Transfer Agreement on June 28, 2021, to acquire 75,000 Equity Shares of Rs10/- each of GTPL Vision at the rate of Rs810/- per share in cash consideration from the existing shareholders. The transactions were expected to be completed within 6 months thereon.

At around 10.04 am, GTPL Hathway Ltd was trading at Rs269.20 per share up Rs4.40 or 1.66% from its previous closing of Rs264.80 per piece on the BSE.