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Den Networks gains on entering into equal JV with Snapdeal.com

Den Networks Ltd. | TV Broadcasting & Software Production | Media | BSE: 533137 | NSE: DEN

20 Jan 2015 Evaluate

Den Networks is currently trading at Rs. 126.50, up by 2.00 points or 1.61% from its previous closing of Rs. 124.50 on the BSE.

The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 129.90 and Rs. 126.00 respectively. So far 55203 shares were traded on the counter.

The BSE group 'A' 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. 120.10 on 19-Jan-2015.

Last one week high and low of the scrip stood at Rs. 130.80 and Rs. 120.10 respectively. The current market cap of the company is Rs. 2275.61 crore.

The promoters holding in the company stood at 40.05 % while Institutions and Non-Institutions held 23.42 % and 36.53 % respectively.

Den Networks has entered into a 50:50 Joint Venture (JV) with Snapdeal.com, India’s largest online marketplace, to launch a ‘TV Commerce’ channel ‘DEN Snapdeal TV shop’, with an aim to create a multi-nodal electronic shopping avenue for customers. The channel is currently available for viewers on channel number 132 on DEN cable network and will be extended to other cable and DTH networks in the course of the next six months.

DEN Networks reaches about 13 million households in over 200 cities across 13 states in the country. Snapdeal will leverage this robust distribution network of DEN to provide customers easy access to the wide assortment of products across Home, Lifestyle and Electronics categories with great value deals.

DEN Snapdeal TV Shop will benefit those customers who have limited access to internet services particularly in Tier 2 and 3 cities further hampered by lack of physical access to top retail products and brands at competitive prices. Additionally, every purchase made on the channel comes with quality and delivery assurance from Snapdeal.com and the flexibility to pay on delivery - an option largely confined to e-shopping.

Den Networks Share Price

29.23 0.40 (1.39%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Zee Entertainment	81.06
Sun TV Network	641.25
GTPL Hathway	69.83
Network 18 Media Inv	36.38
TV Today Network	114.27
View more..

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Den Networks gains on entering into equal JV with Snapdeal.com

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