Den Networks is planning to mop up around $160 million through issue of shares to institutional investors, including $110 million from the Goldman Sachs Group. The shares would be alloted to Goldman Sachs affiliates on a preferential basis at a price of Rs 217.50 apiece aggregating to $110 million.
Besides, the firm would also issue equity shares at Rs 217.23 apiece through a qualified institutional placement (QIP) route.
Den Networks is one of the largest national cable television companies in India. The company is engaged in distribution of television channels through analog and digital cable distribution network and provision of internet services.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 89.29 |
| Sun TV Network | 611.65 |
| GTPL Hathway | 68.65 |
| Network 18 Media Inv | 34.89 |
| TV Today Network | 113.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: