DEN Networks explained

DEN Networks Limited
Type:Public
Traded As:
Foundation:2007
Location:New Delhi, India[1]
Key People:S.N.Sharma, CEO
Industry:Telecommunications
Owner:Reliance Industries (74.9%)[2] [3]

DEN Networks Limited is an Indian cable television and broadband service provider company in India. It is owned by Sameer Manchanda and was acquired by Reliance Industries in 2018 along with Hathway.[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 . 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 the Competition Commission of India in 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]

Notes and References

  1. Web site: (DEN): Contact Us . Den Networks . 2011-02-01 . https://web.archive.org/web/20130313115949/http://dennetworks.com/contact_us.html . 13 March 2013 . dead .
  2. Web site: Reliance to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 crore . Economic Times . 18 October 2018.
  3. News: RIL To Merge TV18, Hathway And Den Networks With Network18 . en . 2020-07-15.
  4. Web site: Kapoor. Mudit. 23 October 2018. Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway. live. https://web.archive.org/web/20181023133306/https://www.businesstoday.in/top-story/reliance-acquires-58.92-stake-in-den-networks-51.34-share-in-hathway/story/286130.html . 23 October 2018 . 2021-01-15. Business Today.
  5. Book: Kohli-Khandekar, Vanita. The Indian Media Business. SAGE Publications. 2003. 978-0-7619-9650-7. 67. en.
  6. Web site: Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway . Business Today . 23 October 2018 . 7 April 2019.
  7. Web site: Reliance . Reliance Media Release . ril.com . 11 Jan 2019 . PDF . 17 October 2018 . 11 January 2019 . https://web.archive.org/web/20190111175635/http://www.ril.com/getattachment/30b9a86d-eb92-4ac6-8a20-62fbbdef58b2/RIL-announces-strategic-investment-in-and-partners.aspx/idcplg?IdcService=GET_FILE&dDocName=APRODCT000702&RevisionSelectionMethod=Latest&Rendition=primary . dead .
  8. Web site: Kundu . Rhik . What Hathway and Den deals mean for Reliance Jio . Mint . 7 April 2019 . en . 19 October 2018.
  9. Web site: Laghate . Gaurav . Reliance Industries gets CCI nod to acquire Hathway, DEN . The Economic Times . 7 April 2019 . 22 January 2019.
  10. Web site: Reliance Jio acquires another 12% of Den Networks . Indian Television Dot Com . 7 April 2019 . en . 9 March 2019.
  11. Web site: Reliance increases shareholding in DEN, Hathway, GTPL through open offer . TelevisionPost . 7 April 2019 . 11 March 2019 . 7 April 2019 . https://web.archive.org/web/20190407031211/https://www.televisionpost.com/reliance-increases-shareholding-in-den-hathway-gtpl-through-open-offer/ . dead .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "DEN Networks".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.