Den Networks has entered into an agreement with DEN Digital Cable Network (DDCN) for increasing equity stake of the company in DDCN from 51.00% to 88.57%. The company has purchased equity stake from the existing shareholders of DDCN.
DDCN is carrying on business of distribution of cable business in the territory of Gurugram (earlier Gurgaon) in the state of Haryana. It will help to consolidate the cable business of the company in the state of Haryana.
DEN is India’s leading cable TV distribution company reaching an estimated 13 million households in over 200 cities across 13 key states in India and is present in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand.
Company Name | CMP |
---|---|
Zee Entertainment | 130.50 |
Sun TV Network | 672.25 |
GTPL Hathway | 176.95 |
TV18 Broadcast | 42.70 |
Den Networks | 50.40 |
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