Videocon Industries gets nod to raise Rs 5,000 crore

02 Jul 2015

Videocon Industries has received its shareholders' approval to raise Rs 5,000 crore from the market through issuance of shares to institutional buyers, global depository receipts (GDR) and foreign currency convertible bonds (FCCBs). The company will explore the option through qualified institutional placement QIP, American depository receipts (ADRs), GDRs and FCCBs.

Videocon Industries, established two decades ago, is a global conglomerate. Videocon’s businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.


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