No takeover by Star India, says Den Networks

Den Networks has refuted the news article carried by Hindustan Times, headlined ‘Star in race to acquire DEN as talks with SITI stutter’, that appeared on June 11, 2016.

In a letter to the Bombay Stock Exchange and National Stock Exchange, the company stated, “This is in reference to the news item appearing in a leading newspaper titled ‘Star in race to acquire DEN’ on June 11, 2016. The company denies the news item and has a policy not to comment on any market speculation.”

The letter further stated, “We always ensure that the appropriate intimations are provided to the Stock Exchange with respect to material events, information, etc., in terms of the Listing Agreement and as and when the same is bring approved by the Board of Directors of the Company. You are requested to take the same on record.”

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