SITI Networks News and Updates

Keep track of all breaking news on SITI Networks from all sources in a single place.

30 Oct 2024

0.33

-2.94%

Siti Networks Insolvency: NCLAT Blocks NCLT Order; Axis Bank, Lenders Told to Hold Rs 143 Crore

NDTV Profit

The NCLAT directive requires Axis Bank and other lenders to safeguard 143 crore during ongoing insolvency proceedings, protecting Siti Networks' interests while appeals are heard.

SITI Networks has lost -32.65% in the last 3 Months

SITI Networks Ltd.

01 Oct 2024

0.33

-2.94%

Cable operators hike tariff 5-10% amid rising costs from broadcasters

Business Standard

Multi-Service Operators (MSOs) in the cable television industry have begun implementing tariff hikes ranging between 5-10 per cent from October 1, following a rise in broadcaster tariffs that started in August, according to industry officials. Leading operator Siti Cable has already rolled out the hike, effective from October 1, while other MSOs are either in the process of implementing the increase in a month and actively deliberating over how best to minimise the impact on subscribers. The goal is to absorb a significant portion of the broadcaster-led increase while passing on only a fraction to consumers. "We have not yet raised our tariffs, but it has become inevitable. We've been absorbing increased costs for the past two months, but we can no longer sustain it. On average, we will raise tariffs by 5-6 per cent, though other broadcasters have hiked rates by more than 10 per cent, and in some cases, by as much as 20 per cent," Meghbela Broadband Co-founder Tapabrata Mukherjee to

SITI Networks has lost -63.74% in the last 1 Year

SITI Networks Ltd.

24 Jun 2024

0.33

-2.94%

Lenders Of Siti Networks To Request More Time For CIRP

NDTV Profit

Corporate Insolvency Resolution Process was initiated against Siti Networks in February last year by the National Company Law Tribunal.

SITI Networks Ltd. is trading below all available SMAs

SITI Networks Ltd.

16 Jan 2024

0.33

-2.94%

More trouble for Zee: SC upholds HC ruling to send Siti Networks' loan default case to arbitration

Business Today

In 2020, Siti Broadband had availed of a loan of Rs 5 crore from Aditya Birla Finance, to be repaid in 19 quarterly instalments. According to Aditya Birla Finance, Siti Broadband has been defaulting on payments since November 2021.