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

Shares of cable television companies Den Networks and Hathway Cable & Datacom rallied by upto 13% on BSE in otherwise weak market on back of heavy volumes.

Den Networks surged 13% to Rs 99.15 on BSE on back of seven-fold jump in trading volumes after media report suggests that Reliance Industries in talks to acquire the company.

The Exchange has sought clarification from Den Networks Ltd on September 27, 2017 with reference to news appeared in www.economicstimes.com dated September 27, 2017 quoting "Reliance Industries in talks to acquire Den Networks for a valuation of Rs 2,000 crore," BSE