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 inr 22900000000. 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]
External links
References
- (DEN): Contact Us Den Networks, retrieved 2011-02-01^
- 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 retrieved 2020-07-15^
- Mudit Kapoor. Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway Business Today, 23 October 2018, retrieved 2021-01-15^
- Vanita Kohli-Khandekar. The Indian Media Business SAGE Publications, 2003^
- Reliance acquires 58.92% stake in Den Networks, 51.34% share in Hathway Business Today, 23 October 2018, retrieved 7 April 2019^
- Reliance Media Release ril.com, 17 October 2018, retrieved 11 Jan 2019^
- Rhik Kundu. What Hathway and Den deals mean for Reliance Jio Mint, 19 October 2018, retrieved 7 April 2019^
- Gaurav Laghate. Reliance Industries gets CCI nod to acquire Hathway, DEN The Economic Times, 22 January 2019, retrieved 7 April 2019^
- Reliance Jio acquires another 12% of Den Networks Indian Television Dot Com, 9 March 2019, retrieved 7 April 2019^
- Reliance increases shareholding in DEN, Hathway, GTPL through open offer TelevisionPost, 11 March 2019, retrieved 7 April 2019^