Consumer electronics major Videocon today said it has renewed its bid for ailing Korean firm Daewoo Electronics, but would pursue it only if the price is "reasonable.""Yes, we have put in a fresh bid for Daewoo, but this time we will pursue it only if the valuation is right and we get a reasonable price," Videocon Industries chairman and managing director Venugopal Dhoot told PTI from Mumbai.Asked if this was a desperate attempt to acquire Daewoo, he replied in the negative. "In fact, we have diversified our interests in energy and power sectors.. we may not be interested in pursuing it (Daewoo) if the price is very high," Dhoot said.Earlier last year, Videocon's bid to acquire Daewoo Electronics fell through with the 40-odd creditors to the ailing Korean firm refusing a demand from the Indian company for a discount over the initially agreed $700 million.The consortium of Videocon and US equity firm Ripplewood had asked about 13% reduction over the agreed price, which was refused by the creditors led by Woori Bank.
