DEN Networks Limited (NSEI:DEN) entered into an agreement to acquire 51% stake in VBS Digital Distribution Networks Pvt. Ltd. for INR 26.4 million on January 5, 2018. As of March 31, 2017, VBS Digital Distribution Networks Pvt. Ltd. reported turnover of INR 52.8 million. The transaction is expected to close on January 5, 2018. DEN Networks Limited (NSEI:DEN) completed the acquisition of 51% stake in VBS Digital Distribution Networks Pvt. Ltd. on January 5, 2018. Pursuant to the acquisition, VBS Digital Distribution Networks Pvt. has become subsidiary of DEN Networks Limited.