GTPL Hathway, which offers cable and broadband services, rose 5% to Rs.165.30 and it continues to remain firmly in the green.

The company’s Board yesterday approved acquisition of remaining 49% stake in GTPL Surat Telelink, making it a wholly-owned subsidiary of the company.

The board also approved acquisition of further 23.50% stake in GTPL Ahmedabad Cable Network, a subsidiary of the company in which the company presently holds 51% equity shares.

As of 31 March, GTPL had 47 subsidiary and associate companies.