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Tag: Aniruddhasinhji Jadeja

  • GTPL launches high-speed internet on GPON FTTX technology

    GTPL launches high-speed internet on GPON FTTX technology

    MUMBAI: GTPL Hathway, a cable TV and broadband service provider in India, has launched its high-speed broadband service in Ahmedabad on GPON (gigabit passive optical network) FTTX (fibre to the X) technology. The company has upgraded its network to GPON FTTX technology to meet consumer demand and has started providing internet connections of 40 mbps and 100 mbps plans with no data restriction in the price range of Rs 635 to 763 per month.

    “GTPL has been making continuous enhancement in its technological capabilities and deploying most advanced available technology in cable and broadband industry. Our deployment of the latest GPON FITX technology has enabled us to provide a unique offering of high speed ‘no data restriction’ internet connectivity. This offer is a game changer and GTPL is proud to bring this to its valued customers,” said GTPL Hathway managing director Aniruddhasinhji Jadeja.

    The company has launched annual and half-yearly subscription. Currently, the services launched are restricted to Ahmedabad only but there are plans to progressively launch in other key cities of Gujarat.

    “With the launch of our new broadband plans, for the first time, customers in Ahmedabad will get ‘Sach mein unlimited’ – a unique combination of high-speed connectivity at a reasonable price with no data restriction whatsoever. The technology can provide up to 1 gbps if the customer so demands,” added Jadeja.

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  • GTPL Hathway IPO proceeds may help increase subs base & penetration, hike stake in JVs

    MUMBAI: GTPL Hathway, India’s leading cable TV distribution company reaching an estimated eight million households in 10 states, proposes to open on 21 June an initial public offering of equity shares of face value of Rs. 10 each for cash (including a share premium) comprising a fresh issue of equity shares aggregating up to Rs. 2,400 million and an offer for sale of up to 14,400,000 equity shares – comprising up to 1,136,000 equity shares by Aniruddhasinhji Jadeja, up to 440,000 equity shares by Kanaksinh Rana, up to 5,480,000 equity shares by Gujarat Digi Com Private Limited, up to 7,200,000 equity shares by Hathway Cable and Datacom Limited and up to 144,000 equity shares by Amit Shah (collectively the “selling shareholders”). 

    The bid will close on 23 June, 2017. The price band of the IPO has been fixed at Rs 167 to Rs 170 per share. 

    Speaking to Indiantelevision.com, GTPL Hathway head – investor relations Piyush Pankaj said that they planned to increase its cable television subscriber base as well as penetration into the markets. “There are joint venture (JV) companies where we are considering to increase our stake — (it is a) pipeline where we would need the board’s approval,” Pankaj said. On stake dilution, Pankaj said that it was a strategic decision by the promoters to dilute only around 25 per cent stake, and not up to 30 per cent. As stated in the official parlance, GTPL Hathway would use the proceeds for debt reduction and general corporate purposes.

    The book-running lead managers to the offer are: JM Financial Institutional Securities Limited, BNP Paribas, Motilal Oswal Investment Advisors Limited and Yes Securities (India) Limited.

    Also Read:

    GTPL Hathway gets SEBI nod for Rs 600-cr June IPO, to repay loans, expand cable & b’band with new tech

    GTPL Hathway files listing prospectus

  • GTPL Hathway files listing prospectus

    GTPL Hathway files listing prospectus

    MUMBAI: GTPL Hathway Limited, a material subsidiary of Hathway Cable & Datacom Limited, has intimated the BSE and the NSE of filing of Draft Red Herring Prospectus by GTPL.

    In the communique, Hathway Cable and Datacom head legal, company secretary & chief compliance officer Ajay Singh has stated: “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that GTPL Hathway Limited, a material subsidiary of the Company, has filed Draft Red Herring Prospectus with the Securities and Exchange Board of India as well as with both the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited.

    As reported by indiantelevision.com earlier, the Hathway board had approved an initial public offering (IPO) proposal which seeks to raise funds for GTPL through a fresh issue of equity shares while giving an option to existing GTPL shareholders to sell their holdings. Hathway holds around 90 lakh shares in GTPL, according to a filing with the Bombay Stock Exchange, over the weekend.

    Among the largest cable television operators in India, the listed Hathway Cable and Datacom Limited (Hathway) has a number of subsidiaries and partnership in the television signal carriage and broadband ecosystems in the company. The company has various levels of investments in these associations. One of its most profitable associations, and probably one of the largest contributors (besides Hathway itself) to Hathway’s consolidated numbers across major financial and operational parameters is GTPL Hathway Limited (GTPL), a material subsidiary, in which Hathway owns a 50 per cent stake.

    Besides Hathway, another major shareholder of GTPL is its co-founder, Aniruddhasinhji Jadeja, who directly owns 14.6 per cent and controls another 29.1 per cent through another shareholding entity Gujarat Digi Com Private Limited which is majority owned by him. The other co-founder Kanaksinh Rana owns 5.2 per cent shares of GTPL.

    Also Read:

    Hathway Cable files GTPL details with BSE

     

  • GTPL Hathway files listing prospectus

    GTPL Hathway files listing prospectus

    MUMBAI: GTPL Hathway Limited, a material subsidiary of Hathway Cable & Datacom Limited, has intimated the BSE and the NSE of filing of Draft Red Herring Prospectus by GTPL.

    In the communique, Hathway Cable and Datacom head legal, company secretary & chief compliance officer Ajay Singh has stated: “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that GTPL Hathway Limited, a material subsidiary of the Company, has filed Draft Red Herring Prospectus with the Securities and Exchange Board of India as well as with both the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited.

    As reported by indiantelevision.com earlier, the Hathway board had approved an initial public offering (IPO) proposal which seeks to raise funds for GTPL through a fresh issue of equity shares while giving an option to existing GTPL shareholders to sell their holdings. Hathway holds around 90 lakh shares in GTPL, according to a filing with the Bombay Stock Exchange, over the weekend.

    Among the largest cable television operators in India, the listed Hathway Cable and Datacom Limited (Hathway) has a number of subsidiaries and partnership in the television signal carriage and broadband ecosystems in the company. The company has various levels of investments in these associations. One of its most profitable associations, and probably one of the largest contributors (besides Hathway itself) to Hathway’s consolidated numbers across major financial and operational parameters is GTPL Hathway Limited (GTPL), a material subsidiary, in which Hathway owns a 50 per cent stake.

    Besides Hathway, another major shareholder of GTPL is its co-founder, Aniruddhasinhji Jadeja, who directly owns 14.6 per cent and controls another 29.1 per cent through another shareholding entity Gujarat Digi Com Private Limited which is majority owned by him. The other co-founder Kanaksinh Rana owns 5.2 per cent shares of GTPL.

    Also Read:

    Hathway Cable files GTPL details with BSE