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.
