Videocon Industries board, at its meeting held yesterday, has approved in principal to issue GDRs and/or equity shares, private placement on preferential basis and/or on rights basis, and/or any combination of any or all these methods for an amount not exceeding Rs 2,000 crore including premium. According to a release issued by Videocon to the BSE, the board has also approved to increase the authorise share capital to Rs 300 crore. |