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.
