MoneyWorks4Me

DEN Networks gets NCLT’s nod for scheme of arrangement

19 Aug 2017 Evaluate

DEN Networks has received honourable National Company Law Tribunal’s (NCLT) approval for Scheme of Arrangement for merger of 23 subsidiaries and demerger of one of the subsidiary with a Wholly Owned Subsidiary Company (‘DEN Futuristic Cable Network’). The Board of Directors of the company has discussed and approved the same.

DEN Networks 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.

Peers