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Siti Networks moves up on getting nod to sell entire stake in non-material subsidiary company

15 Jun 2018 Evaluate

Siti Networks is currently trading at Rs. 15.55, up by 0.08 points or 0.52% from its previous closing of Rs. 15.47 on the BSE.

The scrip opened at Rs. 15.55 and has touched a high and low of Rs. 15.55 and Rs. 15.55 respectively.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 31.50 on 21-Jun-2017 and a 52 week low of Rs. 10.42 on 05-Jun-2018.

Last one week high and low of the scrip stood at Rs. 15.74 and Rs. 12.45 respectively. The current market cap of the company is Rs. 1369.12 crore.

The promoters holding in the company stood at 73.45%, while Institutions and Non-Institutions held 16.67% and 9.89% respectively.

Siti Networks has received an approval for the sale of entire stake of the company in its non-material subsidiary company, namely Siti Bhatia Network Entertainment. The company holds 10,409 equity shares or 51% in the equity share capital of Siti Bhatia Network Entertainment.

The Investment Committee of the Board of Directors of the company at their meeting held on June 14, 2018, approved the same.

Siti Networks is one of India's leading business houses with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development and education.

Siti Networks Share Price

0.49 0.00 (0.00%)
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