Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Videocon d2h to raise $300 million via stake sale

06 Jan 2015

Videocon Industries’ arm Videocon d2h, direct-to-home service provider, will raise $300 million by selling a minority stake to Nasdaq-listed Silver Eagle Acquisition Corporation (SEAC) and its shareholders. The company will also get listed on the Nasdaq Stock Exchange.

Videocon d2h was valued at $1.2 billion and SEAC and its shareholders would invest around $300 million for the minority stake.

Based in Mumbai, Videocon d2h is part of the Venugopal Dhoot-led $10-billion Videocon Group, which has interests in diverse areas such as consumer electronics, oil and gas, power, retail and insurance.

Related Videocon Industries Ltd. Links:

Videocon Inds. Share Price

7.25 0.00 (0.00%) Jun 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dixon Technologies 4551.75
Honeywell Automation 40744.55
Videocon Inds. 7.25
MIRC Electronics 17.60
Catvision 7.51
View more..
Sensex vs Videocon Inds.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback