Scatmag.com

September 2019

GTPL HATHWAY BUYS SCOD18



GTPL Hathway has acquired 100% shares of SCOD18 Networking Pvt Ltd, in early August. GTPL Hathway bought out the equity shares of SCOD18 at ₹ 68.21 per share (face value ₹ 10). The full amount will be paid in cash.

SCOD18 which has now become wholly-owned subsidiary of GTPL Hathway.

The deal will provide GTPL Hathway expansion into the Cable TV & broadband distribution markets in Maharashtra.








SCOD18

Scod18 Networking Private Limited was incorporated on 12 Feb, 2008. Registered in Mumbai, it has a paid-up capital of ₹ 1.64 Crore. Its turnover as on end March 2019 was ₹ 30.564 crore.

Its board members & directors are Ganesh Naidu, Johnwin Manavalan, Aashish Shirke & Rajan Rane.

SCOD18 is a licensed DAS MSO & its Headend & networks in Mumbai, Thane & Navi Mumbai are BECIL certified.


GTPL HATHWAY

GTPL Hathway is the largest MSO in Gujarat with 67% share of the cable TV market and is the second largest player in the cable market of Kolkata and Howrah, with 24% market share.

Providing both CATV & Broadband services, GTPL Hathway has 5.25 million active subscribers (TRAI Report - March 2019) in cities across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Telangana, Andhra Pradesh, Bihar, Jharkhand, West Bengal & Assam.

Hathway (6.69 million subs) owns 37.3% of GTPL Hathway. Through the acquisition of a 51.3% stake in Hathway for ₹ 2,940 crore, Reliance Industries Ltd indirectly owns 19% of GTPL Hathway.

GTPL Hathway posted a net profit of ₹ 29.4 crore for the quarter ended 30 June 2019. n