 "Dish TV")
Shares of Dish TV India surged 15 per cent to Rs 14.44 on the BSE on Monday after the company said the default in debt repayment was on account of a temporary cash shortfall due to peak payment commitments to suppliers.
“The Company’s deferral to service the loan amount is due to bunching of repayment obligations and utilization of funds for other business requirements including, both capital expenditure and payment of operating liabilities to broadcasters and suppliers,” Dish TV India said in a regulatory filing. READ MORE
The company issued the statement after rating agency Care Ratings
The company issued the statement after rating agency Care Ratings
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