Varjangbhai Bhagwanbhai Bhadka entered into a share transfer agreement to acquire a 51% stake in GTPL Shiv Network Private Limited from GTPL Hathway Limited (BSE:540602) for INR 2 million on January 1, 2021. As a part of transaction, Varjangbhai Bhagwanbhai Bhadka acquired 10,200 equity shares in GTPL Shiv Network from GTPL Hathway Limited. Consideration will be paid in cash. Post transaction, GTPL Hathway Limited will not hold any stake in GTPL Shiv Network Private Limited. Consequently, GTPL Shiv Network has ceased as subsidiary of GTPL Hathway Limited. GTPL Shiv Network reported a total income of INR 2.51 million, net worth of INR 0.13 million, total assets of INR 3.11 million, total liabilities of INR 2.98 million, loss before tax of INR 3.85 million and loss after tax of INR 2.22 million for the financial year ended March 31, 2020. Varjangbhai Bhagwanbhai Bhadka completed the acquisition of a 51% stake in GTPL Shiv Network Private Limited from GTPL Hathway Limited (BSE:540602) on January 1, 2021.