Announced Tue, 30 Jun · 23:14 IST
Siti Networks defaults on term loan payments to multiple lenders
SITINET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹0.34
prior close
₹0.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.9—+0.0—+0.0-2.9+0.0-2.9+0.0+0.0-2.9———
Up moveDown movePending
AI summary
Siti Networks disclosed default on term loan instalments from May 31, 2026, continuing beyond 30 days. Lenders include ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, VAPL and ICNCL, with total claims between 1,206 and 1,500 crore. The company is under CIRP since February 2023, with appeals pending in the Supreme Court.
Likely market impact
Negative for shareholders; ongoing insolvency process heightens uncertainty about equity recovery and resolution outcome.