NCLT approves DEN Networks’ proposal for merger
DSIJ Intelligence / 21 Aug 2017
DEN Networks’ scheme of arrangement for merger of 23 subsidiaries and de-merger of an entity with a wholly-owned subsidiary (DEN Futuristic Cable Networks Private Limited) has been green-lit by the National Company Law Tribunal (NCLT).
DEN Networks’ scheme of arrangement for merger of 23 subsidiaries and de-merger of an entity with a wholly-owned subsidiary (DEN Futuristic Cable Networks Private Limited) has been green-lit by the National Company Law Tribunal (NCLT).
The company’s scrip was trading at Rs 85.50 per share, up by Rs 2.10 or 2.52% at 1000 hours on Monday, on the BSE. The stock witnessed a rise in volume by more than 1.63 times and attracted a traded volume of 34,295 shares and traded value of Rs 29.36 lakhs on the NSE.
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