Den Networks is currently trading at Rs. 91.70, up by 1.50 points or 1.66% from its previous closing of Rs. 90.20 on the BSE.
The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 94.60 and Rs. 89.95 respectively. So far 19764 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 20-Jul-2015 and a 52 week low of Rs. 60.50 on 15-Feb-2016.
Last one week high and low of the scrip stood at Rs. 104.00 and Rs. 84.90 respectively. The current market cap of the company is Rs. 1639.44 crore.
The promoters holding in the company stood at 40.05% while Institutions and Non-Institutions held 46.45% and 13.51% respectively.
Den Networks (Den) has entered into an agreement with Wall Street Investments (Wall Street) for selling off its 55% equity stake in DEN Sports for a consideration of Rs 43.32 crore. This includes the sale of shares from Den Networks and preferential allotment by Den Sports.
Prior to execution of agreement with Wall Street, Den was holding 100% equity shares of DEN Sports which, in turn owns 100% equity shares of Den Soccer (Den Soccer). Den Soccer is the operating company which owns controls and manages Delhi Dynamos F.C. (Club) and holds the franchisee for Delhi to participate in the Indian Super League (1SL).
Wall Street Investments is represented by Principals of GMS OM. GMS (11.1) is based out of Dubai and acts as an agent for its principals which have broader interest in the shipping industry.
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.
| 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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