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Den Networks enters into agreement with Jasper Infotech

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Capital Market

To hike stake in Macro Commerce

Den Networks has entered into an Agreement with Jasper Infotech for increasing equity stake of the Company in Macro Commerce ("Macro"). The increase in equity stake includes by way of subscribing to rights issue for Rs 5 crore and purchasing equity shares worth Rs 1 crore, aggregating total investment of Rs 6 crore in Macro. Post this transaction, the shareholding of the Company in Macro will increase by 32.87% to 82.87%.

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First Published: Jul 16 2016 | 12:20 PM IST

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