Foreign Institutional Investors (FIIs) have increased stake in Den Networks to 18.47% as on June end as compared to 16.78% at the end of March. Overall, institutional stake in the company rose to 21.68% as on June end, from 20.34% as on March end.
The US based Teachers Insurance and Annuity Association’s College Retirement Equity Fund, raised stake in the company to 2.65% as on June end from 1.60% at the end of March. However, Mutual funds cut their stake in the company to 1.06% as on June end as against 1.88% in previous quarter.
DEN Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities across India. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.
