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Den Networks surges on raising Rs 689.67 crore through preferential issue

30 Sep 2013 Evaluate

Den Networks is currently trading at Rs 169.50, up by 1.95 points or 1.16% from its previous closing of Rs. 167.55 on the BSE.

The scrip opened at Rs 165.25 and has touched a high and low of Rs 169.50 and Rs 165.10 respectively. So far 1876 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 173.20 and Rs 165.40 respectively. The current market cap of the company is Rs 2483.01 crore.

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

Cable television services firm Den Networks has raised Rs 689.67 crore through preferential share allotment to affiliates of the Goldman Sachs Inc. The company has alloted 3.17 crore equity shares at Rs 217.50 apiece on preferential basis to Goldman Sachs Inc’s affiliates Broad Street Investments (Singapore) and MBD Bridge Street 2013 Investments (Singapore).

Post preferential share issue, Broad Street Investments’ (Singapore) shareholding in the company increased to 16.18% and MBD Bridge Street 2013 Investments’ (Singapore) shareholding rose to 1.62%.

Earlier on June 5, shareholders of the company had approved with the requisite majority the issue and allotment of shares to Broad Street Investments (Singapore) and MBD Bridge Street 2013 Investments (Singapore).

Den Networks Share Price

29.03 -0.20 (-0.68%)
20-Apr-2026 14:29 View Price Chart
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