ITV

Tag: Samir Manchanda

  • DEN Networks allots Rs 7.5 mn worth shares for eSOP

    MUMBAI: DEN Networks Limited has informed the corporate  relationship department of the National Stock Exchange of India and BSE Limited that it has allotted shares under DEN eSOP Plan B, 2014.

    In a communique signed by DEN company secretary Jatin Mahajan, it stated: This  is to inform you that the Securities  Committee, in its meeting dated 21 July, 2017, has issued  and allotted 7,50,000 equity shares of Rs. 10/- each at par to eligible employee(s) under DEN ESOP Plan.

    In a separate earlier report, Dish TV, Hathway & Den Networks were amongst the top 10 global Pay TV platforms, according to the Global Pay TV Operator Databook from Digital TV Research.

    Also, as reported earlier, three years after it announced its intention to get into TV home shopping, the Samir Manchanda-promoted  multi systems operator Den is exiting from it.  The company had launched a channel called DEN Snapdeal Home Shop in 2016   (in partnership with the ecommerce site) only to have its partner exit from it in March 2017.

    Also Read :

    Dish TV, Hathway & Den amongst top 10 global Pay TV platforms

    DEN Networks exits TV home shopping channel business

    DEN Networks ties up with Visiware, launches premium gaming service

     

     

  • DEN Networks exits TV home shopping channel business

    MUMBAI: It’s focusing on its core competence: cable TV distribution and broadband. Three years after it announced its intention to get into TV home shopping, the Samir Manchanda-promoted multi systems operator Den Networks Ltd is now exiting from it.

    The company had launched a channel called DEN Snapdeal Home Shop in 2016 (in partnership with the ecommerce site) only to have its partner exit from it in March 2017.

    DEN Networks has now signed a deal with Noida-based Vijender Singh promoted Pimex Broadcast under which the latter will be acquiring 100 per cent of Macro Commerce – the company which runs the home shopping channel. Singh is also one of the directors of Pantel Technologies which manufacture telephones, mobile handsets, and tablets and computers.

    Pimex will take over all the existing liabilities and dues of Macro and both together aspire to be one of the significant players in the TV shopping business, says the DEN Networks press statement to the Bombay stock exchange (BSE). The name of DEN and Snap deal will be dropped off from the branding.

    DEN has already made provisions for its investment in Macro in its books of accounts in the previous financial year and hence, there will not be any further impact in the profit and loss account, points out the company’s statement to the BSE.