Tag Archives: DEN Network

RBI approves DEN Network’s FDI proposal

Reserve Bank of India today cleared DEN Networks proposal of increasing its foreign direct investment limit to 74%. The multi-system operator has already obtained approvals for the FDI limits from its board of directors and stakeholders. Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 74 per cent of the paid-up [...]

DEN Snapdeal TV-Shop partners with Siti Cable

DEN Snapdeal TV-Shop, the 24-hour shopping channel, has signed a partnership with Siti Cable to widen its audience base. The channel is a 50:50 joint venture between cable TV distribution company, DEN, and e-commerce firm, Snapdeal. DEN Snapdeal TV-Shop was launched in January this year and was initially only available for DEN subscribers. The agreement [...]

DEN Networks Q1 net loss at INR518.9 million

DEN Networks has reported a net loss of INR518.9 million for the quarter that ended 30 June, 2015. The multi-system operators net loss stood at INR620.8 million for the trailing quarter. Operational revenue for the quarter was at INR2.66 billion, a 1.7% decrease quarter-on-quarter. The companys total expenses were at INR3.20 billon compared to INR [...]