In January 2008, Star India and Den Networks entered into a partnership to form Star-Den JV. Both companies hold equal shares in this joint venture and the agreement was extended in 2011.
But according to recent industry reports Den Networks is all set to sell its entire 50 per cent stakes to its joint venture partner Star India. The agreement price for Den’s stake is Rs 40.35 crore.
Headquartered in Mumbai, the idea behind the JV was to create a platform for distribution of television channels in India via all fixed networks including cable, DTH, IPTV, HITS and MMDS.