Open offer begins for Den Networks, GTPL

The mandatory open offer to the shareholders of GTPL Hathway and Den Networks from Reliance Industries (through Jio Content Distribution Holdings Pvt Ltd, and others) opens for subscription on Friday and closes on February 22. Reliance offers to acquire 12.21 lakh shares of Den Networks at ₹72.66 a share, and 2.88 crore shares of GTPL at ₹82.65 through the offer. RIL, through its arms, in October 2018, had decided to acquire majority stake in both the companies.