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Den Networks gets nod to raise up to Rs 2045 crore on preferential basis

Den Networks has received an approval for raising of funds up to Rs Rs 2045 crore by way of creating, offering, issuing and allotting, in one or more tranches (Proposed Preferential Allotment) 28,14,48,000 equity shares of face value Rs 10 each of the company at an issue price of Rs 72.66 per equity share on preferential basis. The Board of Directors of the company at their meeting held on October 17, 2018, approved the same.

Den Networks is India’s leading MSO engaged in the business of Cable TV, Broadband and OTT (Over-the-Top) content.