MoneyWorks4Me

Den Networks gets nod to raise funds via preferential basis

05 Feb 2019 Evaluate

Den Networks has received approval for raising funds through allotment of 28,14,48,000 equity shares of face value of Rs 10 each on preferential basis to the following allotees at an issue price of Rs.72.66 per share including premium of Rs. 62.66 per share, around Rs 2,045 crore. The Board of Directors of the Company at its meeting held on February 04, 2019 has approved the same.

Den Networks is India’s leading MSO engaged in the business of Cable TV, Broadband and OTT (Over-the-Top) content.

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