Brickwork Ratings India Private Limited ("Brickworks") has has reviewed the ratings assigned for Bank Loan Facilities of Rs. Rs. 883.46 crore of Siti Networks Ltd. Based on the said review, the revised credit rating(s) is BWRD from BWR BB (negative).
The downgrade in the rating is on account of delays in the debt servicing.
Shares of Siti Networks Ltd was last trading in BSE at Rs.1.09 as compared to the previous close of Rs. 1.14. The total number of shares traded during the day was 260036 in over 44 trades.
The stock hit an intraday high of Rs. 1.17 and intraday low of 1.09. The net turnover during the day was Rs. 285961.