Den Networks, a cable television services firm, has received an approval for increasing limit of foreign investment in the company from existing 49% to 74%.
The board of director at their meeting held on March 11, 2015 have approved the increasing of limit subject to the approval from its shareholders and regulatory bodies as Foreign Investment Promotion Board of India (FIPB).
Den Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.
Den Networks is currently trading at Rs. 123.60, up by 9.05 points or 7.90% from its previous closing of Rs. 114.55 on the BSE.
The board of director at their meeting held on March 11, 2015 have approved the increasing of limit subject to the approval from its shareholders and regulatory bodies as Foreign Investment Promotion Board of India (FIPB).
Den Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.
Den Networks is currently trading at Rs. 123.60, up by 9.05 points or 7.90% from its previous closing of Rs. 114.55 on the BSE.
No comments:
Post a Comment