Dish TV India Ltd's rating placed under rating watch

'Acuité Ratings & Research Limited' a SEBI Registered & RBI Accredited Credit Rating Agency, has placed the short term and long term ratings assigned to Dish TV India Limited to 'Under rating watch with developing implications' vide its letter dated January 4, 2021 (received by the Company on night of January 4, 2021).

Acuité has placed the rating under watch with developing implication based on publicly available information regarding the demand notice of Rs. 4164.05 crores from Ministry of Information and Broadcasting for the disputed license fee and interest on the entity. Although, Dish TV India Limited has already made provisions for this event to the tune of Rs.3575.77 crore as on March 31, 2020 which includes the interest as well. The matter is sub judiced and pending before the Honorable High Court of Jammu and Kashmir.

Shares of DISH TV INDIA LTD. was last trading in BSE at Rs.12.87 as compared to the previous close of Rs. 13.05. The total number of shares traded during the day was 1985100 in over 3761 trades.

The stock hit an intraday high of Rs. 13 and intraday low of 12.81. The net turnover during the day was Rs. 25624290.

Source : Equity Bulls

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