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Videocon D2H withdraws Rs 700 crore IPO

07 Apr 2015 Evaluate

Direct to Home services provider Videocon D2H has withdrawn its Rs 700-crore initial public offer (IPO) proposal amid reports that it is planning to start a fresh process to hit the capital markets.

The company had filed draft offer documents with the Securities and Exchange Board of India for the proposed IPO in September 2014. However, the company through its lead merchant banker Axis Capital withdrew its offer documents on March 27 2015.

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