DEN Networks divests entire stake in three non-operating subsidiaries for nominal sum

DEN Networks Limited, through its wholly-owned subsidiary Futuristic Media and Entertainment Limited (FMEL), has sold its entire equity stake in three subsidiaries to Infomedia and Networking Private Limited (INPL) for an aggregate consideration of ₹30/-. The sale includes stakes in Den Fateh Marketing Private Limited, Den Budaun Cable Network Private Limited, and Mahadev Den Cable Network Limited. Consequently, these companies are no longer subsidiaries of DEN Networks.

The divested companies are non-operating entities with Nil turnover for FY2024-25. As of March 31, 2025, Den Budaun had a net worth of ₹5.75 Lakh, contributing 0.0016% to the consolidated net worth of DEN Networks, while the other two companies reported negative net worth.

INPL, the acquiring entity, operates in the cable and broadband business and is not part of DEN Networks' promoter or promoter group companies. The transaction is not a related party transaction.