SITI Networks has also approved the sale of 6,667 equity shares held by Variety Entertainment in the equity share capital of Voice Snap Pvt Ltd at an aggregate consideration of Rs 10 crores.
The appointment of Rahul Kumar Shaw as CEO – Television and Radio Business has become effective starting today.
The profit after tax rose from a loss of Rs 668 million last year as against Rs 864 million in Q3 FY 21.
The company yesterday informed BSE about the entire stake sale of its 51 percent stake holding amounting to 10,200 equity shares having a face value of Rs 10 each on GTPL Shiv Network on January 1, 2021.
The company informed stock exchanges about the fine late night yesterday stating that it felt the fine was based on an inaccurate assessment of facts on SEBI’s part which will not withstand scrutiny in appeal.
Dish TV also has a petition pending before the Hon’ble High Court of Jammu and Kashmir wherein the quantum of License Fee and imposing of interest has been challenged.
The transaction involved conversion of 17,06,245 CPS which has increased the shareholding of the company from 51 percent to 70.88 percent in GTPL Abhilash.
The stake sale in GTPL Space City Private Limited amounting to 61.5 stake which amounts to the entire stake has resulted in the company ceasing to be a subsidiary of GTPL Hathway.