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SITI CABLE NETWORKS
ZEE, Standard Chartered ink pact to settle Siti loan default issue"We wish to inform that Standard Chartered Bank (the Bank) had sanctioned certain credit facilities to Siti Networks Limited (the Borrower)...- HC refers Siti Networks' Rs 150-cr loan default case to arbitrationIn 2017, Aditya Birla Finance had extended a term loan of ₹150 crore to Siti Networks under a credit arrangement letter. According to the l...
- SITI Network's total default at Rs 913 crore in second quarter of FY23SITI Networks, previously known as SITI Cable Network, is a part of the Essel Group. "...the company is in discussions with its bankers for...
- HDFC moved NCLT against SITI Networks claiming default of Rs 296 cr"The company has received the notice of the said case on April 13, 2022," the Essel group firm said adding it "is compiling information to ...
- Siti Network posts loss of Rs 103.94 cr in Q4Total expenses of the Essel group company were at Rs 471.27 crore in Q4/FY 2020-21.
- Hinduja Group's HITS platform signs infrastructure sharing deal with Siti NetworksThe deal will allow Siti Networks to deliver their services in markets where conventional connectivity remains a challenge
- Siti Networks Q1 results: Firm posts nest loss of Rs 46 croreIts total income during the quarter under review stood at Rs 382.84 crore. It was Rs 394.67 crore in the corresponding quarter last fiscal,...
- Den Network spurts 10% as board decides on preferential issueThe company reported a net loss of Rs 57.31 crore for the June quarter, compared with a Rs 50.75 crore loss during the corresponding quarte...
- Essel group firm Siti Cable Network Q4 net profit at Rs 24 croreThe company had posted net loss of Rs 34.12 crore in the corresponding quarter of the previous fiscal, 2014-15.
- SITI Cable in talks to acquire DEN; deal pegged at Rs 2,000 crore"SITI wants to expand its footprints via inorganic route and is talks with DEN. This will give it a strong foothold in Delhi and Uttar Prad...
- Fixed billing model to help boost MSOs revenue: India Ratings and ResearchThe fixed billing model will mean MSOs will collect a fixed fee from the local cable operators (LCOs), immaterial of the amount collected f...
- Trade receivables of cable companies mount to Rs 500 croreThe sales receivables of MSOs as a percentage of revenue increased to 35 per cent at present compared with 23-24 per cent in FY12.
- Siti Cable reports net profit of Rs 39 crore for December quarterThe company's total income from operations during the quarter under review was up 53 per cent at Rs 332.4 crore as against Rs 217.32 crore ...
- Siti Cable plans to raise up to Rs 680 croreIt will also acquire 49 per cent equity stake each in Siti Faction Pvt Ltd and Siti Jony Digital Cable Network Pvt Ltd, respectively.
- SITI Cable surges 13% as RBI raises FII investment limitReacting to the development, the scrip gained 13.31 per cent to hit a high of Rs 41.70.
- RBI allows foreign investors to buy up to 49% in SITI CableThe company has passed resolutions at its Board of Directors level and a special resolution through shareholders, agreeing to raising the l...
- Siti Cable seeks shareholders' approval to raise up to $100 millionSiti Cable Network Ltd has sought shareholders' approval to raise up to Rs 642 crore through issuance of equity shares.
- Delhi government accuses Siti Cable of entertainment tax fraudIn the financial year 2013-14, SITI Cable has been found to have collected around Rs 13 crore in the name of entertainment tax from its cus...
- Operators can’t CAS in on 100% revenues for free channelsCable operators in CAS-notified areas will no longer be able to retain 100% of the revenues.
- Zee shareholders' to consider demerger of biz unitsZee Telefilms Ltd has said a meeting of its equity shareholders will be held on July 25, to consider the demerger of its business units int...
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