Khushboo Shah has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
DEN · price
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Awaiting price reaction for this filing.
Jio Futuristic Digital Holdings Private Limited, on behalf of the promoter and promoter group entities of Den Networks Limited, has submitted a declaration to the stock exchanges under SEBI Takeover Regulations. The declaration confirms that the promoters have not created any encumbrance (such as a pledge or lien) on the shares of Den Networks held by them, directly or indirectly, at any time during the financial year 2024-25. The promoter group includes Jio Futuristic Digital Holdings, Jio Digital Distribution Holdings, Jio Television Distribution Holdings, Reliance Ventures, Network18, Reliance Industries, Digital Media Distribution Trust, and Reliance Content Distribution. The declaration was signed by Khushboo Shah, Director, on April 9, 2025.
This is a routine compliance filing with a positive implication — it confirms that the Reliance/Jio-backed promoter group has kept its stake in Den Networks unencumbered throughout the year, which may be viewed favourably by investors as it reduces concerns over forced selling or margin call risks.