Den Networks has entered into an agreement with Jasper Infotech to increase equity stake in Macro Commerce. The increase in equity stake includes by way of subscribing and purchasing equity shares in Macro Commerce for Rs 6 crore. The company currently holds 32.87% stake in Macro Commerce and post the acquisition it will increase to 82.87%.
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.
