Their total dues and debt in the firm will now go up to Rs 2,500 crore, leaving them with no option but to raise liquidity, according to sources
Till 2:20 pm, a combined 69.62 million equity shares had changed hands on the NSE and BSE
Direct-to-home company DishTV India Ltd on Thursday reported a consolidated net profit of Rs 64.51 crore for the second quarter ended September 30.
Zee, Shemaroo among new entrants; response to Covid-19, say experts
It had posted a net loss of Rs 35.44 crore in the April-June period a year ago
All that happened in the markets today
At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today
The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.
The Department of Telecom is still working on final adjusted gross revenue dues that service providers have to pay as it has detected variation in accounting practices adopted by different circle offi
Essel promoters are now in talks with a global financial investor to pick up half their stake
A total of 486 companies, including Divi's Laboratories, Dish TV, Ashok Leyland, and IRCTC, are scheduled to announce their earnings today
The merger with Dish TV provides Airtel substantial access to new homes.
Warburg Pincus is expected to remain invested in the company post merger, the report added.
The company said the default in debt repayment was on account of a temporary cash shortfall due to peak payment commitments to suppliers.
Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely
More than a third of stocks in top 500 have witnessed reduced coverage
The company also has sizeable debt repayments in the near term
Sources familiar with the developments said following the sale of stake to a strategic investor, the promoters might have only 12 per cent, including the 10 per cent stake with VTB
The latest shareholding pattern shows that the stake of the promoter and promoter group fell to 55.27 percent at the end of Q2, against 57.52 percent held at the end of the April-June (Q1) period
Total subscriber base for the DTH market in the June quarter stood at 68.92 mn versus 72.44 mn in the March quarter