SITI NETWORKS LIMITED SITI Networks Limited Defaulted on Payment of Interest and Repayment of Principal Amount for Loans. Date of making the disclosure: November 6, 2023. Nature of obligation: Term loan instalments.
Name of the Lender(s): ARCIL, IDBI Bank, SCB, RBL, Axis Bank, ABFL, Induslnd Bank, ZEEL. Date of default: September 30, 2023 (i.e. default of September 30, 2023 and continues beyond 30 days). Current default amount (break-up of principal and interest in INR crore): Principal and Interest: INR 12,926.6 Million.
Total amount of outstanding borrowings from Banks/financial institutions: INR 12,926.6 Million. Total financial indebtedness of the listed entity including short- term and long-term debt: INR 12,926.6 Million.
