Videocon Industries and Shilpi Cable hit fresh 52-week lows.
The recent sell-off in the stock has been triggered by escalating debt woes of the company
The stock is locked in lower circuit for the fifth straight trading day, down 10% at Rs 47.30 on BSE
On NSE, shares of the company slumped 9.99% to Rs 53.15
Videocon stock fell by another 10% on Wednesday, after falling 36% early this week
The stock trading at Rs 58, lowest level since August 2004, tanked 42% from Rs 100 in three days.
Lenders sell firm's shares after Dena Bank's NPA tag
Videocon Industries has debts of Rs 44,000 cr despite Rs 20,000 cr asset sales in last three years
The oil reserves are estimated at 351.59 million barrels of oil equivalents
The total exposure of lenders to the electronic goods maker is pegged at Rs 45,000 crore
The device features IPS display, has 2GB of RAM and comes with "SOS-Be-Safe" and panic button
The company owes Rs 22,000 cr to a clutch of domestic banks
The company is looking at Rs 1,000 crore premium collections in next two years, says MD
In the past one year, the company has sold assets worth Rs 11,000 crore, to reduce its debt
Total income from operations fell by 14.13 per cent to Rs 2,677.23 crore
Total expenses were lower at Rs 2,658.61 crore from Rs 2,704.93 crore during the period under review
The joint venture is between India's Videocon Industries and Liberty Citystate Holdings Pte, part of the US-headquartered Liberty Mutual Insurance Group
Presently, the company operates through 35 branches
The conglomerate has 18 overseas oil and gas assets in Brazil, Indonesia and East Timor
Idea Cellular and Videocon mutually agreed to call off their Rs 3,310-crore spectrum deal for two telecom circles