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Siti Networks Ltd, formerly known as Wire and Wireless (India) Limited (WWIL), is a multi system operator (MSO) promoted by the Essel Group (now just 6.1% minority stake holder).[1] The company provides digital cable television services in India and is headquartered in Noida, Uttar Pradesh.[2][3][non-primary source needed]
 | |
| Formerly | Wire and Wireless (India) Limited (1994–2012) SITI Cable Network Limited (2012–2016) |
|---|---|
| Company type | Public |
| BSE: 532795 NSE: SITICABLE | |
| Industry | Media & Entertainment |
| Founded | June 1994 |
| Headquarters | Noida, Uttar Pradesh, India |
Area served | India |
Key people | Subhash Chandra (chairman) |
| Products | Digital cable television Broadband internet Local cable TV channels |
| Website | sitinetworks |
History
editWWIL was formed as a part of the de-merger of Zee Entertainment Enterprises Limited – ZEEL, formerly known as Zee Telefilms Limited (ZTL) – the publicly listed flagship company of Zee Group. As per the Scheme of Arrangement approved by the High Court in Mumbai, all the cable TV distribution business within ZEEL and Siti Cable Networks Limited (Siti Cable) was transferred to WWIL as of 31 March 2006. Siti Cable was a 100% subsidiary of Zee Telefilms Limited. The cable operations of Siti Cable were launched in June 1994. SITI Cable was known as Wire and Wireless (India) Limited till 5 September 2012 wherein after it is renamed as SITI Cable Network Limited it is renamed as SITI NETWORK LIMITED
Fall of promoters' shareholding
editIn October 2021, it was reported that promoters of Essel Group only had 6.1% stake left in Siti Networks. Ltd.
References
edit- ^ Kar, Ayushi (12 October 2021). "Unpaid dues: Operational creditors may drag Siti Networks to NCLT". @businessline. Retrieved 18 October 2021.
- ^ "Finally, tipping point for Cable Television – DNA Analysis". Archived from the original on 15 September 2012. Retrieved 16 October 2012.
- ^ "Sudhir Agarwal, Chief Executive Officer (CEO), Wire and Wireless (India) Ltd". Archived from the original on 21 December 2011. Retrieved 16 October 2012.