Mukesh Ambani-owned Reliance Industries Limited (RIL) is said to be in talks to acquire Sameer Manchanda promoted multi-system operator (MSO), Den Networks, two highly placed sources with the direct knowledge of the development told ET.
"The deal is most likely to go through and the valuation DEN is looking at is between Rs 2,000 core and Rs 2,200 crore," one of the persons said. MSO is the industry term for a cable company, which signs content and carriage deals with broadcasters and offer the services to local cable operators.
RIL and DEN both declined to comment to ET's detailed questionnaire, citing it as "market speculation".
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RIL: Reliance Industries in talks to acquire DEN Networks - The Economic Times
"The deal is most likely to go through and the valuation DEN is looking at is between Rs 2,000 core and Rs 2,200 crore," one of the persons said. MSO is the industry term for a cable company, which signs content and carriage deals with broadcasters and offer the services to local cable operators.
RIL and DEN both declined to comment to ET's detailed questionnaire, citing it as "market speculation".
Continue Reading....
RIL: Reliance Industries in talks to acquire DEN Networks - The Economic Times