DEN Networks
 | |
| Company type | Public |
|---|---|
| BSE:533137 NSE:DEN | |
| Industry | Telecommunications |
| Founded | 2007 |
| Headquarters | New Delhi,India[1] |
Key people | S.N.Sharma, CEO |
| Products | |
| Owner | Reliance Industries(74.9%)[2][3] |
| Website | www |
DEN Networks Limitedis an Indiancable televisionandbroadbandservice provider company in India. It is owned by Sameer Manchanda and was acquired byReliance Industriesin 2018 along withHathway.[4]In 2003, it stood as one of the three major cable distributors in India alongside Hathway and InCablenet.[5]
On 17 October 2018, Reliance Industries announced that it had acquired a 66% stake in DEN for₹2,290 crore(US$270 million). The shares would be held through multiple Reliance subsidiaries including Jio Futuristic Digital Holdings Private Limited, Jio Digital Distribution Holdings Private Limited, Jio Television Distribution Holdings Private Limited, Reliance Industries Limited Digital Media Distribution Trust, Reliance Content Distribution Limited and Reliance Industrial Investments and Holdings Limited. At the time of the acquisition, DEN had 106,000 broadband subscribers.[6][7][8]The acquisition received approval from theCompetition Commission of Indiain January 2019.[9]Reliance acquired an additional 12.05% stake in DEN in March 2019 taking its total stake in the company to 78.62%.[10][11]
References
[edit]- ^"(DEN): Contact Us".Den Networks. Archived fromthe originalon 13 March 2013.Retrieved1 February2011.
- ^"Reliance to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 crore".Economic Times.18 October 2018.
- ^"RIL To Merge TV18, Hathway And Den Networks With Network18".Retrieved15 July2020.
- ^Kapoor, Mudit (23 October 2018)."Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway".Business Today.Archivedfrom the original on 23 October 2018.Retrieved15 January2021.
- ^Kohli-Khandekar, Vanita (2003).The Indian Media Business.SAGE Publications.p. 67.ISBN978-0-7619-9650-7.
- ^"Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway".Business Today.23 October 2018.Retrieved7 April2019.
- ^Reliance (17 October 2018)."Reliance Media Release".ril.Archived fromthe original(PDF)on 11 January 2019.Retrieved11 January2019.
- ^Kundu, Rhik (19 October 2018)."What Hathway and Den deals mean for Reliance Jio".Mint.Retrieved7 April2019.
- ^Laghate, Gaurav (22 January 2019)."Reliance Industries gets CCI nod to acquire Hathway, DEN".The Economic Times.Retrieved7 April2019.
- ^"Reliance Jio acquires another 12% of Den Networks".Indian Television Dot Com.9 March 2019.Retrieved7 April2019.
- ^"Reliance increases shareholding in DEN, Hathway, GTPL through open offer".TelevisionPost.11 March 2019. Archived fromthe originalon 7 April 2019.Retrieved7 April2019.
External links
[edit]
| |||||||||||||||||||||||||||||||
