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DEN Networks surges on getting I&B ministry nod for $110 million investment

19 Sep 2013 Evaluate

DEN Networks is currently trading at Rs. 181.00, up by 4.90 points or 2.78% from its previous closing of Rs. 176.10 on the BSE.

The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 185.60 and Rs. 179.00 respectively. So far 51,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 238.35 on 25-Jan-2013 and a 52 week low of Rs. 141.00 on 22-Aug-2013.

Last one week high and low of the scrip stood at Rs. 179.00 and Rs. 155.00 respectively. The current market cap of the company is Rs. 2,651 crore.

The promoters holding in the company stood at 48.71% while Institutions and Non-Institutions held 24.18% and 27.11% respectively.

The Ministry of Information and Broadcasting (I&B) has given approval to DEN Networks for $110 million investment from Goldman Sachs which will help the company to clear off its debt which stands at approximately Rs 200 crore.

After the clearance, the company will now be well funded sitting on a cash pile of approximately Rs 500 crore. This cash infusion is expected to help the company fund its digitization expansion and implement its broadband services.

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.

Den Networks Share Price

29.03 -0.20 (-0.68%)
20-Apr-2026 14:24 View Price Chart
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