Den Networks Ltd

Den Networks Ltd

Den Networks Limited was incorporated in India on 10 July 2007 and is primarily engaged in distribution of television channels through digital cable distribution network and provision of broadband services. The Company changed status from a Private Limited Company to a Public Limited Company on 15 April 2008 thereby changing its name to DEN Digital Entertainment Networks Limited. Subsequently the name of Company was again changed to DEN Networks Limited on 27 June 2008. Through aggressive acquisition it has emerged as the larges national level MSO (Multi System Operator) in India.DEN Networks Limited is India's largest cable TV distribution company founded and promoted by Industry veteran Sameer Manchanda. DEN serves an estimated 11 million subscribers in over 115 cities across 13 major Indian states. DEN serves the majority of cable TV subscribers in Delhi Uttar Pradesh and Karnataka and has a large presence in Maharashtra Gujarat Rajasthan Madhya Pradesh Haryana Uttarakhand and Kerala. DEN continues to expand its presence in India and has entered important cities and towns in West Bengal Jharkhand and Bihar. DEN has partnered with the Star Zee and Turner groups in the Media Pro Joint venture. MediaPro is India's leading content aggregation and distribution Company offering over 70 leading pay TV channels including all Star Zee Turner and NDTV channels.The company's digital cable offering with their feature-rich user interface and a portfolio of cutting edge value added services is widely regarded as India's best. Their digital cable offering includes over 180 leading channels a multi-genre digital music service blog.Telly (India's first micro blogging service on TV) and interactive games.The company operates between one and three own brand television channels from each of their head-ends which are telecast exclusively on their cable distribution network. These channels primarily telecast films music devotional programmes or local events and news. They have the rights to telecast more than 4000 films on their network. They have obtained an all-India ISP license and have commenced a limited roll out of broadband internet services in select areas. In October 12 2007 the company entered into a partnership with Priya Mukherjee through a partnership deed for establishing Creative Cable Network. In January 14 2008 the company entered into a joint venture agreement with Star India Pvt Ltd and formed a 50:50 joint venture company STAR-DEN to operate a television channel distribution business in India Nepal and Bhutan. In February 2008 the company launched their digital cable television services under the brand Digitelly. They also obtained a non-exclusive license from the DoT to set up and operate internet services all over India. In March 2008 they imported fist set of set top boxes.In April 15 2008 the company was converted into public limited company and the name was changed to DEN Digital Entertainment Networks Ltd. In June 27 2008 the name of the company was changed from DEN Digital Entertainment Networks Ltd to DEN Networks Ltd. In August 2008 the company obtained a license to operate the conditional access system in Delhi and Mumbai. During the year 2009-10 the company issued and allotted 18567240 equity shares of face value of Rs 10 each pursuant to the Initial Public Offer (IPO) which were admitted for listing and trading on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) with effect from November 24 2009.During the year the company expanded their analogue cable services to 84 cities and digital cable services to a majority of cities where it present and plans to roll out digital cable television in all of the remaining cities of its operations across the country. They acquired majority stake in the business of 76 MSOs and took their affiliates count to 83.The company was awarded The Best Indian Cable TV MSO at the Indian Telly Awards Function held by Indiantelevision.com in June 2010. They have also featured in the Business Standard BS 1000 annual ranking of Indian companies in February 2010 and were ranked among the Top 500 companies by revenues. In October 2010 the company through their subsidiary IME Networks Pvt Ltd entered into a 75-25 joint venture with BFTV Broadcasters of the BabyFirst Channel a leading international television channel for babies toddlers and parents. The joint venture will house all rights for Baby First's businesses in India and other select territories including the distribution of the channel and related businesses.The company intends to acquire majority stakes in established MSOs in order to consolidate their position in the states in which they already have a presence and to expand into other Indian states that have significant market potential for increased digital cable penetration and high revenue growth.In May 2011 STAR DEN Media Services a 50:50 joint venture between Star India Private Ltd. and DEN formed a 50:50 joint venture with Zee Turner for jointly distributing channels of the two entities across India. The joint venture company is called Media Pro Enterprise India Private Limited which commenced operations from July 2011. In October 2010 IME Networks Private Limited a subsidiary of DEN entered into a joint venture with BFTV LLC to distribute the 'BabyFirst TV' channel in India and select countries in South Asia.DEN launched its premiere High Definition digital cable service under the brand name of DEN HD in 2012 including real HD channels in video resolution of 1080i and Dolby Digital (5.1 Surround Sound).During the financial year 2013-14 the Company had raised funds of Rs. 9608.22 million by way of Qualified Institutional Placement (QIP) and Preferential Issue of equity shares. Further during the current year the Company has also raised Rs. 1424.34 million by way of Preferential Issue of equity shares.At the end of FY 2016 DEN converted about 4.4 million subscribers in DAS III and IV. During year 2016 Star Den Media Services Pvt. Ltd. have ceased to be Joint Venture effective from March 30 2016 and DEN Sports & Entertainment Pvt. Ltd. became an Associate Company through selling of proportionate stake effective from the aforementioned date.During FY 2016-17 the Broadband/ Internet Service Provider (ISP) Business Undertaking of the Company was transferred into DEN Broadband Private Limited effective from April 1 2016.During FY 2016-17 Macro Commerce Pvt. Ltd. became Subsidiary Company pursuant to acquisition of further stake effective on July 15 2016; Den Digital Cable Network Private Limited a Subsidiary Company increased the holdings from 51% to 88.57% effective from March 06 2017; Delhi Sports & Entertainment Private Limited (Formerly known as Den Sports & Entertainment Private Limited) a Wholly owned subsidiary diluted further 25% Stake in Delhi Sports and the present holding of the Company stood at approx. 19.29% on October 15 2016; Macro Commerce Pvt. Ltd sold off its entire stake to Pimex Broadcast Private Limited including the shares held by DEN and Jasper Infotech Private Limited effective on June 05 2017.During the year 2019-20 the Board of Directors of the Company in Feb' 2020 approved the Composite Scheme of Amalgamation and Arrangement between the Company Hathway Cable and Datacom Limited TV18 Broadcast Limited Network18 Media & Investments Limited Media18 Distribution Services Limited Web18 Digital Services Limited and Digital18 Media Limited and their respective Shareholders and Creditor with Appointed Date i.e. February 1 2020 which inter - alia provides for amalgamation of the Company TV18 and Hathway into Network18 and transfer of the cable broadband and digital businesses by Network18 to it's 3 separate wholly owned subsidiaries namely Media18 Web18 and Digital18 respectively.