SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SITI Cable Network receives fresh funding of Rs 530 crore from promoters

20 Feb 2016 Evaluate

SITI Cable Network has received fresh promoter funding amounting to Rs 530 crore. Encouraged by the significant improvement in performance in Q3FY16, when the company achieved financial turn-around for the first time by reporting profit before tax of Rs 56 crore, the promoters have infused fresh funding. This forms the first tranche of the previously announced Rs 680 crore funding.

As part of this Rs 530 crore capitalization, SITI Cable board allotted 8.57 crore equity shares to promoter group entities. With this, the total promoter holding in SITI Cable has now increased to 69.8%. In addition, 5.71 crore warrants and 5.1 crore Optionally Fully Convertible Debentures (OFCD) were also issued to promoter group companies. These funds will be utilized primarily to reduce debt.

SITI Cable currently has 12 million subscriber base, out of which 7.8 million are digital customers. Despite deferment of digitization in various states, during the current quarter, the company has added 1 million digital customers.


Siti Networks Share Price

0.49 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×