Den Networks is currently trading at Rs. 84.10, up by 2.85 points or 3.51% from its previous closing of Rs. 81.25 on the BSE.
The scrip opened at Rs. 82.65 and has touched a high and low of Rs. 84.45 and Rs. 82.00 respectively. So far 40115 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.00 on 01-Apr-2016 and a 52 week low of Rs. 60.85 on 30-Nov-2016.
Last one week high and low of the scrip stood at Rs. 84.45 and Rs. 79.55 respectively. The current market cap of the company is Rs. 1610.41 crore.
The promoters holding in the company stood at 36.78%, while Institutions and Non-Institutions held 49.86% and 13.36% respectively.
Den Networks has entered into an agreement with DEN Digital Cable Network (DDCN) for increasing equity stake of the company in DDCN from 51.00% to 88.57%. The company has purchased equity stake from the existing shareholders of DDCN.
DDCN is carrying on business of distribution of cable business in the territory of Gurugram (earlier Gurgaon) in the state of Haryana. It will help to consolidate the cable business of the company in the state of Haryana.
DEN is India’s leading cable TV distribution company reaching an estimated 13 million households in over 200 cities across 13 key states in India and is present in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand.