Videocon Industries has received an approval from its shareholders' whereby they have cleared the proposal to make investments, provide securities and extend guarantees and inter-corporate loans up to an amount of Rs 25,000 crore. The shareholders have passed resolutions through a postal ballot.
Further, the shareholders have also a passed resolution that enables the company to borrow up to Rs 30,000 crore. The shareholders have approved a previous proposal for sell, lease, mortgage, or otherwise dispose of the whole or substantially the whole of undertaking of the company.
Recently, Videocon Hydrocarbon Holdings, a wholly owned subsidiary of the company, had informed that the well operator-Anadarko Petroleum Corporation, USA (Anadarko), had reported the cumulative results of the exploration and appraisal success offshore Mozambique have substantially increased the resource potential in the Offshore Area 1 of the deepwater Rovuma Basin.
| Company Name | CMP |
|---|---|
| LG Electronics India | 1578.40 |
| Dixon Technologies | 11374.00 |
| IFB Industries | 1116.00 |
| Honeywell Automation | 32808.35 |
| Elin Electronics | 119.75 |
| View more.. | |
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