Videocon Industries has fully redeemed Foreign Currency Convertible Bonds (FCCB) aggregating to $194.40 Million which were issued in December 2010. The company has paid an amount of $ 97,200,000 along with the applicable interest and fees in cash and issued another series of Foreign Currency Convertible Bonds of amount of $ 97,200,000 on 30th December 2015 as part of the redemption.
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.
