Den Network Limited BuyBack
All Market Participants are hereby informed that the Open Offer by Jio Futuristic Digital Holdings Private Limited (hereinafter referred to as “Acquirer 1” or “JFDHPL”), Jio Digital Distribution Holdings Private Limited (hereinafter referred to as “Acquirer 2” or “JDDHPL”) and Jio Television Distribution Holdings Private Limited (hereinafter referred to as “Acquirer 3” or “JTDHPL”) along with Reliance Industries Limited (hereinafter referred to as “PAC 1” or “RIL”), Digital Media Distribution Trust (hereinafter referred to as “PAC 2” or “Trust”), Reliance Content Distribution Limited (hereinafter referred to as “PAC 3” or “RCDL”) and Reliance Industrial Investments and Holdings Limited (hereinafter referred to as “PAC 4” or “RIIHL”) (hereinafter PAC 1, PAC 2, PAC 3 and PAC 4 are collectively referred to as the “PACs”) make a cash offer to acquire up to 12,21,83,457 fully paid up equity shares of Den Networks Limited (“Target Company”) of Rs 10 each (“equity shares”) at a price of Rs 72.66 per equity share, representing 25.58% of the expanded voting share capital of the Target Company. This offer is in accordance with the Securities and Exchange Board of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, as amended (“SEBI (SAST) REGULATIONS”) from the public shareholders of the Company, from February 08, 2019 to February 22, 2019.
Every day Cut-off: 4.00 pm
Last day Cut-off: 11.30 am
Issue Details
| Den Network Limited - Buyback | |
| Scripname | DEN NETWORKS LTD |
| Security Type | Equity |
| Symbol | DEN |
| Issue Type | Takeover |
| Issue Period |
08 Feb 2019 to 22 Feb 2019 (No Bidding on February 19, 2019 as it is a SEBI Holiday on account of Chhatrapati Shivaji Maharaj Jayanti) |
| Tick Price | 0.01 |
| Market Lot | 1 |
| Book Size - No. of Shares | 12,21,83,457 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 12,21,83,457 |
| Face Value | 10 |
| Floor Price/Offer Price | 72.66 |
| Name of Acquirer(s)/Company | Jio Futuristic Digital Holdings Private Limited (hereinafter referred to as “Acquirer 1” or “JFDHPL”) |
| Buyer Member | JM Financial Limited |
How to Bid for buyback
Bid for share buyback effortlessly with our trading platforms.
- mPowered: Buyback instantly by logging into your account from our mPowered trading platform. Go to Equity > Buy Back > Dash Board.
- Call ‘N’ Trade: Place your share for buyback order through centralized dealing desk at 33553366 (prefix local code).
- Dedicated Dealer: Place your share for buyback order through our dealers at the nearest branch
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