|
|
|
|||
|
|
||||
News Business Industries Den networks to raise money for expansion |
Den networks to raise money for expansion
|
|
|
|
| 2009-10-27 11:17:23 | |||
|
Gujarat Global News Network, Ahmedabad Den Networks Ltd, a cable distribution company has issued IPO of 20 million equity shares. The price band is between Rs 195 per share and Rs 205 per share. The company plans to utilize the funds from IPO for its expansion plans. The IPO opened on October 28, 2009 and will end on October 30, 2009.The company has a pan India presence and has plans to expand in key markets like Gujarat, Maharashtra, Delhi, Uttar Pradesh and Rajasthan, among others, said Anuj Gandhi, chief executive officer, DEN Networks Limited. The company expects to raise about Rs.400 crore from the issue, which would be spent on expansion of cable television and broadband infrastructure and services and also for acquisition of content and broadcast rights. The company has been promoted by Sameer Manchanda and has joint venture with Star. Last year, DEN Networks recorded a turnover of Rs 720 crore. For the first quarter of financial year 2009-10, the company registered revenue worth Rs 215 crore. For news in Hindi see our Hindi daily Chaupal ChronicleTags: ,
|
|||
| < Prev | Next > |
|---|
 |
Classified Ads |
|||||||||
|
|||||||||
Newsletter |
| Ahmedabad |
 |
| Rajkot |
 |
| Surat |
 |
| Baroda |
|
RSS |
Time Zone Convertor |
||
Gujaratglobal.com website is managed by a team of professional Journalists. It is headed by Mr. Yogesh Sharma, Having 25 years of experience in journalism in Gujarat. He also runs a Hindi daily Chaupal Chronicle. Gujarat Global is the site dedicated to Gujarat and interests of people of Gujarat.It gives news about Gujarat, political news, developments in business and industry, success stories, education, tourism, fairs and festivals of Gujarat and important and interesting photograph of Gujarat. Copyright © 2005 - 2010 Gujarat Global
| |||||||||||||||||||||||||||
