Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 January, 2021 11:08 IST
Acuite Ratings assigns ratings to Dish TV
Source: IRIS | 05 Jan, 2021, 07.02PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Dish TV India, leading direct to home (DTC) service provider, announced that Acuite Ratings & Research has placed the short term and long term ratings assigned to Dish TV India to 'Under rating watch with developing implications'.

There has been no change in the rating assigned to the company's facility.

The Dropline Overdraft long term rating worth Rs 4,500 million has the rating ACUITE BB+. While the proposed commercial paper short term rating worth Rs 500 million is ACUITE A4+.

In terms of the said communication, the Company has been informed that Acuité has placed the rating under watch with developing implication based on publicly available information regarding the demand notice of Rs 41,640.5 million  from Ministry of Information and Broadcasting for the disputed license fee and interest on the entity.

Although, Dish TV India has already made provisions for this event to the tune of Rs 35,757.7 million as on Mar. 31, 2020 which includes the interest as well. The matter is sub- judiced and pending before the High Court of Jammu and Kashmir.

Shares of the company declined Rs 0.18, or 1.38%, to settle  at  Rs 12.87.  The total volume of shares traded  was  1,985,442 at  the BSE (Tuesday).

 Post Comment
Name Email
Security Code type    into this box
Company Update
Lupin gets USFDA approval for Sevelamer Carbonate Tablets - 25-Jan-2021 17:44
Bannari Amman Spinning Mills fixes February 15 as record date - 25-Jan-2021 17:03
IDBI Capital reiterates Accumulate rating on DCB Bank - 25-Jan-2021 13:57
Wipro recognised as Top Employer 2021 in Australia for the second consecutive year - 25-Jan-2021 13:43
How to trade in Reliance Industries post Q3 earnings? - 25-Jan-2021 13:28
Hold Ultratech Cement with revised target price of Rs 5,744: IDBI Capital - 25-Jan-2021 13:11
GPT Infraprojects wins order worth Rs 641 mn - 22-Jan-2021 19:11
Wendt India Q3 consolidated net profit jumps 94% to Rs 42.7 mn - 22-Jan-2021 18:52
JK Tyre Q3 profit jumps manifold at Rs 2,304.6 mn - 22-Jan-2021 17:30
Vardhman Textiles Q3 consolidated net profit drops 14.38% - 22-Jan-2021 16:47
UltraTech Cement amongst India's 30 Best Workplaces in Manufacturing - 2021 - 22-Jan-2021 16:21
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer