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Videocon Industries to raise Rs 5,000 crore via stake sale in telecom arm: Report

10 Oct 2013 Evaluate

Videocon Industries is reportedly expecting to raise Rs 4,000-5,000 crore from stake sale in telecom arm. The company is also expecting to fetch around Rs 10,000 crore from Mozambique stake sale in 2 days. The company will use entire Rs 15,000 crore to reduce debt and the debt will come down to Rs 10,000 crore from Rs 25,000 crore. The company will also payoff liberal dividend to shareholders.

Videocon Industries, established two decades ago, is a global conglomerate whose business consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.

Videocon Inds. Share Price

7.25 0.00 (0.00%)
15-Jun-2021 18:01 View Price Chart
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