Lytus Technologies Holdings PTV. Ltd. (NasdaqCM:LYT) acquired 51% stake in Sri Sai Cable and Broad Band Private Limited on March 31, 2023. By acquiring a 51% stake in Sri Sai Cable and Broadband Private Limited, which boasts a subscriber base of over 1 million, Lytus Technologies aims to expand its footprint in India in line with its strategic growth plans. As a result of Lytus Technologies' acquisition of a majority stake in the company, current consumers of Sri Sai Cable will benefit from enhanced technology, resulting in a better viewing experience.

Lytus Technologies Holdings PTV. Ltd. (NasdaqCM:LYT) completed the acquisition of 51% stake in Sri Sai Cable and Broad Band Private Limited for $2.8 million on March 31, 2023. Total consideration of $2.5 million for acquisition of 51% equity shareholding, the amount of which was paid on March 31, 2023. As of September 30, 2022, Sri Sai Cable and Broad Band reported total assets of $13.7 million.