Multi-system operator (MSO) Siti Cable Network acquired 51 per cent stake in three entities, namely Siti Global, Siti Karnal Digital Media and Siri Digital Network, during the financial year 2014–15. The Essel Group company also took 100 per cent stake in Siti Broadband Services. Following these acquisitions, the total number of subsidiary companies of the Essel Group-owned MSO has increased to 18 as compared to 14 during the previous financial year. During the period under review, the MSO had also subscribed on rights basis for 45,000,000 equity shares of Kolkata-based subsidiary Indian Cable Net Company Ltd, in which it held 60.02 per cent stake.
Read more at: http://www.televisionpost.com/cable/siti-cables-acquisitions-in-fy15/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/cable/siti-cables-acquisitions-in-fy15/ | TelevisionPost.com
