Siti Networks reports loan default of ₹1,500 crore
pre-market1 source ↓written by the desknot a recommendation
Siti Networks Ltd has reported a default on term-loan repayments, with lenders' claims swelling to ₹1,500 crore as of 31 Oct 2025. This default has persisted for over 30 days, necessitating disclosure under SEBI rules. The company remains under Corporate Insolvency Resolution Process (CIRP) since February 2023, impacting investor sentiment and market stability.
• Lenders include ARCIL, IDBI Bank, and Axis Bank.
• Claims increased from ₹1,206 crore to ₹1,500 crore.
The ongoing insolvency proceedings may lead to further market volatility.
Not investment advice. For informational purposes only.