Siti Cable Network will seek shareholders’ approval to raise up to $100 million amounting Rs 642 crore through issuance of equity shares via public issue, private placement or Qualified Institutional Placement (QIPs). The company will use the funds to meet expenditure to expand its business and working capital requirements and to reduce debts.
Siti Cable is the only vertically integrated company in the Cable TV Industry and is known for its strong backend systems & processes. Backed by Strong Management team, the company is always on the forefront to harness the latest technology and maintain the healthy commercial relations with its business partners.
