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DEN Networks shines on getting NCLT’s nod for scheme of arrangement

21 Aug 2017 Evaluate

Den Networks is currently trading at Rs. 85.50, up by 2.10 points or 2.52% from its previous closing of Rs. 83.40 on the BSE.

The scrip opened at Rs. 84.40 and has touched a high and low of Rs. 86.85 and Rs. 84.40 respectively. So far 25941 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.00 on 03-May-2017 and a 52 week low of Rs. 60.85 on 30-Nov-2016.

Last one week high and low of the scrip stood at Rs. 86.85 and Rs. 78.90 respectively. The current market cap of the company is Rs. 1665.07 crore.

The promoters holding in the company stood at 36.78%, while institutions and non-institutions held 48.14% and 15.08% respectively.

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.

Den Networks Share Price

27.76 -0.41 (-1.46%)
24-Apr-2026 16:59 View Price Chart
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