GTPL Hathway shares up 8% on sale of subsidiary

GTPL Hathway shares up 8% on sale of subsidiary

GTPL Hathway's share price added 8 percent in the early trade on November 19 after the company sold its entire stake in its subsidiary.

The company has sold its entire 61.50% stake in GTPL Space City Private Limited on November 18, 2020.

Consequently, GTPL Space City has ceased as a subsidiary of the company.

The share purchase agreement has been executed and the sale completed on November 18, 2020.

The company has received a consideration of Rs 18,74,520 from the said stake sale.