RIL gives open offer to Den Networks and Hathway investors

RIL gives open offer to Den Networks and Hathway investors 

Dependence Industries Limited through its auxiliaries has propelled open offers to investors of link and broadband administrations organizations Den Network and Hathway Cable and its backups, as per administrative filings. 

RIL through its auxiliaries Jio Content Distribution Holdings Private Limited, Jio Internet Distribution Holdings Private Limited and Jio Cable and Broadband Holdings Private Limited with different units "have reported open offer of Rs 82.65 for each value share conglomerating to add up to thought of Rs 238.37 crore, payable in real money" for procurement of around 21 lakh GTPL Hathway offers to its investors. 

The move pursues procurement of huge stake by RIL units in Den Networks and Hathway Cable. 

RIL Wednesday declared to obtain 66 percent stake in Den Networks for Rs 2,290 crore and 51.3 percent in Hathway Cable for Rs 2,940 crore. 

RIL said it will make "essential venture of Rs 2,045 crore through a special issue under SEBI controls and auxiliary buy of Rs 245 crore from the current advertisers for a 66 percent stake in Den Networks Limited". 

RIL through auxiliaries has given "open offer of Rs 2.46 for every value share conglomerating to add up to thought of Rs 51.81 lakh, payable in real money" to Hathway Bhawani Cabletel and Datacom. 

For Den Networks investors, RIL has issued offer of Rs 72.66 for each value share for securing of around 12 crore shares for aggregate thought of around Rs 887.78 crore payable in real money.

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