Acuite Ratings & Research Limited, a SEBI registered and RBI accredited credit rating agency, has placed the short-term and long- term ratings assigned to Dish TV India to 'under rating watch with developing implication'.
Acuite has placed the rating based on publicly available information regarding the demand notice of ₹4,164.05 crore the from Ministry of Information and Broadcasting for the disputed licence fee and interest to the entity.
Dish TV has already made provisions for this to the tune of ₹3,575.77 crore as on March 31, 2020, which includes interest. Dish TV closed 1.38 per cent lower at ₹12.87 on the BSE.