Den Networks Ltd

DEN Networks Sells Stakes in 3 Subsidiaries for ₹30 📉

- DEN Networks' subsidiary FMEL sold its entire stake in 3 subsidiaries to Infomedia and Networking Private Limited (INPL) for ₹30.

- The subsidiaries sold: Den Fateh Marketing (50.99%), Den Budaun Cable Network (56.88%), and Mahadev Den Cable Network (51.00%).

- These subsidiaries were non-operating with no turnover in FY2024-25.

- Den Budaun had a net worth of ₹5.75 lakh (0.0016% of DEN's consolidated net worth), while the other two had negative net worth.

- INPL is an independent cable/broadband company, unrelated to DEN's Promoter Group.

- Transaction completed and effective immediately, notified same day at 3:35 PM IST.