January 21, 2017 11:45 AM ET

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Company Overview of DEN Networks Limited

Company Overview

DEN Networks Limited, together with its subsidiaries, operates as a cable TV distribution company in India and internationally. The company operates through Cable and Broadband segments. It distributes and promotes television channels through analog and digital cable distribution network. The company also offers Boomband, a broadband Internet service. It serves approximately 13 million homes with 10 million digital subscribers primarily in 13 states in India, including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Madhya Pradesh, Uttarakhand, and Bihar. The company was formerly known as DEN Digital Entertainment Networks Limited an...

236, Okhla Industrial Estate

Phase-III

New Delhi,  110020

India

Founded in 2007

Phone:

91 11 4052 2200

Fax:

91 11 4052 2203

Key Executives for DEN Networks Limited

Chairman, Managing Director, Member of Finance Committee, Member of Securities Issue Committee, Member of Stakeholders Relationship Committee, Member of Nomination & Remuneration / Compensation Committee and Member of Corporate Social Responsibility Committee
Age: 55
Total Annual Compensation: 11.6M
Group Chief Financial Officer
Age: 50
Total Annual Compensation: 25.6M
Compliance Officer and Company Secretary
Total Annual Compensation: 1.7M
Advisor
Total Annual Compensation: 28.2M
Compensation as of Fiscal Year 2016.

DEN Networks Limited Key Developments

DEN Networks Limited Announces Executive Changes

DEN Networks Limited at the board of directors meeting held on December 13, 2016, approved the appointment of Archana Hingorani (woman Director) as Non-Executive Nominee Director in terms of approval of Ministry of Information and Broadcasting witch was required under Government of India, consolidated FDI Policy dated May 12, 2015, noting of resignation of Krishna Kumar P. T.  Gangadharan from directorship of the company and also approved the withdrawal from directorship candidature by M.G.Azhar and Nandita Agarwal Parker.

DEN Networks Limited Reports Unaudited Standalone and Consolidated Earnings Results for Second Quarter and Six Months Ended Sept. 30, 2016

DEN Networks Limited reported unaudited standalone and consolidated earnings results for second quarter and six months ended Sept. 30, 2016. For the quarter, the consolidated company reported total income from operations of INR 2,724.4 million, loss from operations before other income and finance costs and exceptional items of INR 392.2 million, loss from ordinary activities before tax of INR 446.5 million, net loss of INR 435.1 million or INR 2.72 per basic and diluted share, compared to the total income from operations of INR 2,149.9 million, loss from operations before other income and finance costs and exceptional items of INR 866.8 million, loss from ordinary activities before tax of INR 888.7 million, net loss of INR 831.1 million or INR 5.5 per basic and diluted share, for the same quarter a year ago. EBITDA (pre activation) was INR 340 million against loss of INR 390 million a year ago. Loss before tax was INR 130 million against INR 660 million a year ago. For the year to date, the consolidated company reported total income from operations of INR 5,413.5 million, loss from operations before other income and finance costs and exceptional items of INR 620.6 million, loss from ordinary activities before tax of INR 803.3 million, net loss of INR 876.6 million or INR 5.62 per basic and diluted share, compared to the total income from operations of INR 4,506.9 million, loss from operations before other income and finance costs and exceptional items of INR 1,337.6 million, loss from ordinary activities before tax of INR 1,357.8 million, net loss of INR 1,310.4 million or INR 8.33 per basic and diluted share, for the same period a year ago. EBITDA (pre activation) was INR 490 million against loss of INR 580 million a year ago. Loss before tax was INR 510 million against INR 1,130 million a year ago. For the quarter, the standalone company reported total income from operations of INR 2,316.1 million, loss from operations before other income and finance costs and exceptional items of INR 534.4 million, loss from ordinary activities before tax of INR 743.0 million, net loss of INR 653.4 million or INR 3.7 per basic and diluted share, compared to the total income from operations of INR 1,998.4 million, loss from operations before other income and finance costs and exceptional items of INR 871.7 million, loss from ordinary activities before tax of INR 812.6 million, net loss of INR 747.4 million or INR 4.21 per basic and diluted share, for the same quarter a year ago. For the year to date, the standalone company reported total income from operations of INR 4,702.8 million, loss from operations before other income and finance costs and exceptional items of INR 988.9 million, loss from ordinary activities before tax of INR 1,317.0 million, net loss of INR 1,226.5 million or INR 6.89 per basic and diluted share, compared to the total income from operations of INR 3,967.3 million, loss from operations before other income and finance costs and exceptional items of INR 1,437.0 million, loss from ordinary activities before tax of INR 1,347.5 million, net loss of INR 1,254.9 million or INR 7.11 per basic and diluted share, for the same period a year ago.

DEN Networks Limited, Q2 2017 Earnings Call, Dec 14, 2016

DEN Networks Limited, Q2 2017 Earnings Call, Dec 14, 2016

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 16, 2016
DEN Sports & Entertainment Limited
Private Placement
September 20, 2016
--
Merger/Acquisition
September 5, 2016
Skynet Cable Network Private Limited
 

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