With this move the brand will raise up to Rs 680 crore through issuance of warrants and optionally fully convertible debentures (OFCDs).
There are other MSOs in which Siti Cable plans to pick up stakes which includes:
100 per cent stake in Variety Entertainment Pvt Ltd, 51 per cent stake in Sai Star Digital Media Pvt Ltd, 51 per cent stake in Bargachh Digital Communication Network Pvt Ltd, 51 per cent stake in Krishna Teja Digital Entertainment Pvt Ltd. 49 per cent equity stake each in Siti Faction Pvt Ltd and Siti Jony Digital Cable Network Pvt Ltd
