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| industry = Media & Entertainment | | industry = Media & Entertainment | ||
| products = [[Digital cable television]]<br />[[Broadband internet]]<br />Local cable TV channels | | products = [[Digital cable television]]<br />[[Broadband internet]]<br />Local cable TV channels | ||
| parent = | | parent = | ||
| homepage = {{URL|http://www.sitinetworks.com/}} | | homepage = {{URL|http://www.sitinetworks.com/}} | ||
}} | }} | ||
'''Siti Networks Ltd''' | '''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).<ref>{{Cite web|last=Kar|first=Ayushi|title=Unpaid dues: Operational creditors may drag Siti Networks to NCLT|url=https://www.thehindubusinessline.com/companies/unpaid-dues-operational-creditors-may-drag-siti-networks-to-nclt/article36971994.ece|access-date=2021-10-18|website=@businessline|language=en}}</ref> The company provides digital cable television services in India and is headquartered in [[Noida]], [[Uttar Pradesh]].<ref>[http://www.dnaindia.com/analysis/comment_finally-tipping-point-for-cable-tv_1598562 Finally, tipping point for Cable Television – DNA Analysis]</ref><ref>[http://www.indiainfoline.com/Research/LeaderSpeak/Mr.-Sudhir-Agarwal-CEO-Wire-and-Wireless-India-Ltd./29124865 Sudhir Agarwal, Chief Executive Officer (CEO) , Wire and Wireless ( India) Ltd.]</ref>{{Primary source inline|date=May 2020}} | ||
==History== | ==History== | ||
WWIL was formed as a part of the de-merger of [[Zee Entertainment Enterprises|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 | WWIL was formed as a part of the de-merger of [[Zee Entertainment Enterprises|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 | it is renamed as SITI NETWORK LIMITED | ||
===Fall of promoters' shareholding=== | |||
== | In October 2021, it was reported that promotes have just 6.1% stake left in Siti Networks.<ref>{{Cite web|last=Kar|first=Ayushi|title=Unpaid dues: Operational creditors may drag Siti Networks to NCLT|url=https://www.thehindubusinessline.com/companies/unpaid-dues-operational-creditors-may-drag-siti-networks-to-nclt/article36971994.ece|access-date=2021-10-18|website=@businessline|language=en}}</ref> | ||
==References== | ==References== | ||
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[[Category:Companies based in Noida]] | [[Category:Companies based in Noida]] | ||
[[Category:Cable television companies of India]] | [[Category:Cable television companies of India]] | ||
[[Category:Television networks in India]] | [[Category:Television networks in India]] | ||
[[Category:Indian brands]] | [[Category:Indian brands]] | ||
Latest revision as of 18:32, 7 November 2021
 | This article needs more citations. (May 2016) |
 | |
| Traded as | 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 | www |
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]
History[edit | edit source]
WWIL 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
[edit | edit source]
In October 2021, it was reported that promotes have just 6.1% stake left in Siti Networks.[4]
References[edit | edit source]
- ↑ Kar, Ayushi. "Unpaid dues: Operational creditors may drag Siti Networks to NCLT". @businessline. Retrieved 18 October 2021.
- ↑ Finally, tipping point for Cable Television – DNA Analysis
- ↑ Sudhir Agarwal, Chief Executive Officer (CEO) , Wire and Wireless ( India) Ltd.
- ↑ Kar, Ayushi. "Unpaid dues: Operational creditors may drag Siti Networks to NCLT". @businessline. Retrieved 18 October 2021.