Den Networks is currently trading at Rs. 165.85, up by 3.35 points or 2.06% from its previous closing of Rs. 162.50 on the BSE.
The scrip opened at Rs. 166.90 and has touched a high and low of Rs. 170.00 and Rs. 165.30 respectively. So far 24,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.15 on 02-Jul-2014 and a 52 week low of Rs. 110.45 on 05-Dec-2013.
Last one week high and low of the scrip stood at Rs. 170.00 and Rs. 161.55 respectively. The current market cap of the company is Rs. 2,955.00 crore.
The promoters holding in the company stood at 40.05% while Institutions and Non-Institutions held 21.68% and 38.28% respectively.
Den Networks has entered into a 50:50 joint venture agreement (JVA) with Jasper Infotech for setting up a television channel to be used as a market place platform for facilitating the sale of branded and unbranded merchandise and services, including vouchers offered by third party sellers subject to necessary approvals. Jasper Infotech is entity that owns and operates the digital commerce platform, www. snapdeal .com.
DEN Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. 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.
