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Den Networks sells entire stake in Fortune

22 Jul 2021 Evaluate

Den Networks has sold its entire holding of 51,000 Equity Shares representing 51% of the equity share capital of Fortune (Baroda) Network (Fortune) to the Remaining Shareholders and received consideration of Rs 20,00,000. Accordingly, Fortune has ceased to be a subsidiary of the Company with effect from July 22, 2021.

Den Networks is one of the largest national cable television companies in India engaged in the distribution of analog and digital cable television services.

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