Den Networks Limited IPO - Objects of the Issue - Indian IPO Blog

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Tuesday, October 27, 2009

Den Networks Limited IPO - Objects of the Issue

Den Networks Limited, a company engaged in the business of distribution of analog and digital cable television services, is coming up with an IPO of about 2 Crs Equity Shares, each having a Face Value of Rs.10 each. Den Networks IPO is open for subscription between Wednesday, October 28, 2009 and Friday, October 30, 2009


Den Networks IPO - Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital:

1. To invest in the development of cable television infrastructure and services
2. To invest in the development of cable broadband infrastructure and services
3. To invest in acquisition of content and broadcasting rights
4. To repay certain loans availed by the Company
5. Fund expenditure for general corporate purposes

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