Siti Cable Seeks Shareholders' Nod to raise up to $100 Million

New Delhi: Siti Cable Network Ltd has sought approval from its shareholders to raise up to $100 million (Rs 642 crore approximately) through equity shares via public issue, private placement or qualified institutional placement (QIPs) routes. Siti Cable in a filing to the BSE said it intends to use the funds to meet expenditure to expand its business and working capital requirements and to reduce debts. The company sought sharehold...