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Den Networks soars on getting FIPB’s nod to increase FII limit

21 Aug 2015 Evaluate

Den Networks is currently trading at Rs. 129.85, up by 2.05 points or 1.60% from its previous closing of Rs. 127.80 on the BSE.

The scrip opened at Rs. 131.90 and has touched a high and low of Rs. 136.95 and Rs. 128.10 respectively. So far 8678 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.75 on 16-Oct-2014 and a 52 week low of Rs. 100.10 on 04-Feb-2015.

Last one week high and low of the scrip stood at Rs. 142.95 and Rs. 121.00 respectively. The current market cap of the company is Rs. 2299.67 crore.

The promoters holding in the company stood at 40.05% while Institutions and Non-Institutions held 23.39% and 36.57% respectively.

Den Networks has received nod from the Foreign Investment Promotion Board (FIPB) to increase foreign investment limit in the company by upto 74% from 49%. The approval is subject to compliance of conditions specified in consolidated foreign direct investment (FDI) policy circular dated May 12, 2015.

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.

 

 

Den Networks Share Price

29.23 0.40 (1.39%)
17-Apr-2026 16:59 View Price Chart
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