MUMBAI: In a letter to the stock exchanges, the Sameer Manchanda led Den Network Limited (Den) has denied news item appearing in the Hindustan Times that it is being taken over by Star India.
A letter signed by the company secretary of the leading Indian MSO Jatin Mahakan to the stock exchanges in India says:
“This is with reference to the news item appearing in a leading Newspaper entitled ‘Star in News to acquire DEN on June 11, 2016. The company denies the news item and has a policy never to comment on any market speculation.
We always ensure that the appropriate intimations are provided to the Stock Exchange with respect to material events, information, etc., in terms of the Listing Agreement and as and when the same is bring approved by the Board of Directors of the Company.
You are requested to take the same on record.”
Early in May 2016, there were rumours that Siti Cable was likely to take over Den Networks Limited which both companies strongly denied.
