The overall active subscribers of the cable TV industry reduced by over half a million in the quarter ended September 2021.
Siti Networks maintains lead at the top of the ladder in terms of Cable TV market share as of March 2021.
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.
HDFC Bank, IDBI Bank, SCB, RBL, Axis Bank, Kotak Bank, ABFL, and IndusInd Bank are among the lenders whom Siti owns loan overdue amount.
TCCL has been growing at a rapid pace rising from 8th position to 5th position between 9 months.
Siti’s revenue from operations during the quarter stood at Rs 391.82 crore, up from Rs 382.84 crore at the end of previous quarter.
Siti Networks total active subscriber base stood at 8.88 million at the end of June 2020, down from 8.93 million at the end of March 2020.