Den Networks, Hathway Cable gain over 5% on heavy volumes

MARKET  - stocks of cable television organizations Den Networks and Hathway Cable & Datacom rallied by means of upto 13% on BSE in otherwise vulnerable market on again of heavy volumes.

Den Networks surged 13% to Rs 99.15 on BSE on back of seven-fold soar in trading volumes after media document shows that Reliance Industries in talks to collect the employer.

The change has sought clarification from Den Networks Ltd on September 27, 2017 with regards to news regarded in www.economicstimes.com dated September 27, 2017 quoting "Reliance Industries in talks to collect Den Networks for a valuation of Rs 2,000 crore," BSE said in a announcement.

The reply is awaited, it brought.

At 11:09 am, the stock turned into trading 6% higher at Rs 93.45, compared to 0.52% decline inside the S&P BSE Sensex. A combined 2.83 million stocks modified hands on the counter on BSE and NSE up to now.

last week, Den Networks stated it has acquired country wide organisation law Tribunal (NCLT) nod for demerger of its broadband venture with its completely owned subsidiary.