Business Standard

Videocon to raise Rs 2,000cr

Image

Our Web Bureau Mumbai
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.

 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 18 2005 | 11:10 AM IST

Explore News