Den to sell entire stake in Star Den JV to Star

[THAKUR]

Den Networks Limited (Den) has informed the bourses that it has entered into an agreement to sell its entire fifty per cent stake in its joint venture Star Den Media Services Private Limited (Star Den) to its partner Star India Private Limited (Star India). The agreement price for Den’s stake is Rs 40.35 crore. Star owns an equal share in the JV.

At the time of filing of this report, buoyed the news of the stake sale, Den shares were up 15.20 per cent from the previous close on the Bombay Stock Exchange (BSE), with each equity share having face value of Rs 10 being traded at Rs 95.50 as compared to yesterday’s close rate of Rs 82.90 and a total traded quantity of 2.1 lakh. The intraday high price of the share was Rs 99.20. The share had opened at Rs 83.75 today at the start of the trading day. The 52 week high price of the share was Rs 169 and the 52 week low was Rs 60.50.

TAGS: DEN | Star Den | Star | Bomba



Den to sell entire stake in Star Den JV to Star | Indian Television Dot Com

 

[Technoglitch]

so what would be the DEN's next step?

 

[scorpionking76]

That's a good question. Between why is star (Parent) buying out the entire stake in cable business when they have tatasky?

Is RJIO launch of cable making star jittery?

 

[Technoglitch]

To have an upper hand on both dth and cable platform

 

[Manu]

The Bottom Line is, Star Now has 100% stake in Den Network ? & 20% stake in Tata Sky.

Is that Correct Guys ..?

AnyWays Pretty Interesting News.

 

[Technoglitch]

40% in TS

 

[DashMajor]

Now DEN won't be able to hide.

 

[hike]

Omg!! That means DEN is NOW Star DEN; I didn't get one thing why?? Star buys share of DEN as of my knowledge this company is in big trouble and deep . why don't buy other MSO. Their are many other big MSO Like hathway.
Hopefully Star channels are available at very low price in basic packs.
In Jaipur DEN runs with RAJASTHAN PATRIKA (Newspaper)

 

[hike]

That's a good question. Between why is star (Parent) buying out the entire stake in cable business when they have tatasky?

Is RJIO launch of cable making star jittery?

Oh! Come on Star wants to expand its business. ZEE also have SITI cable so why DISH TV??
That doesn't make sense!

 

[Anish Pai]

I think u guys haven't read the article properly or have misunderstood it.

Star Den is not a MSO or cable operator. This article doesn't have anything to do with cable tv business.

Let me explain:

Star DEN is a JV between Star and DEN to distribute Star channels across the country. Its like Zee Turner and SPN.

Some years back Star DEN and Zee Turner had joined hands and formed a company named Media pro JV to distribute all star and zee channels across the country.

But in 2014 after TRAI new regulations both companies discontinued this company.

http://www.medianama.com/2014/04/223-zee-star-mediapro-trai/

Pls click on the link and read the article to understand this properly.

So now DEN is selling its share in Star DEN to Star India. So Star now becomes the sole owner of the venture.

that's it. Its got nothing to do with DEN Digital cable tv services and Den broadband.