Corporate

Videocon to raise Rs 1,245 cr via share sale

Consumer durables major Videocon Industries today said its board has approved raising Rs 1,245 crore by issuing shares on rights and preferential basis. - Godrej Consumer Products net jumps 167% at Rs 93 cr - Market wipes out gains of 5 weeks in 9 sessions - Videocon Ind plans rights issue - LG Electronics Q3 global sales soar to $11.2 bn - Videocon to shift steel project on CIL"s letter - LG to invest Rs 25 cr in home appliances category The board has approved to raise an amount of up to Rs 1,200 crore by allotting shares on rights basis, Videocon said in a filing to the Bombay Stock Exchange. The board has also approved to raise funds amounting to Rs 45 crore by issuing shares on preferential basis to an independent non-promoter investor, the filing added. Both the above proposals are subjected to shareholders approval, it said. Shares of Videocon Industries were trading at Rs 217.55 on BSE in morning trade, down 2.40 per cent from its previous close.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Auto component makers go slow on new investments
Despite the surge in automobile sales in recent months and new vehicle development programmes of car makers, auto component makers are wary of committing further investments in building new capacities. They have adopted a wait-and-watch attitude to see if the demand sustains. “Component makers are investing with caution and moving in a phased manner. They are not adding capacity in big strides, like a few years ago, but only incrementally,” said Ashok Taneja, president, Shriram Pistons.
Popular Articles

UTV to consolidate motion pix biz; to buy 23.18% in UK arm
Media and entertainment firm UTV Software today said it plans to acquire the remaining 23.18 stake in its UK subsidiary UMP Plc in a move to consolidate its motion picture business and enhance shareholders value.

UK dept under fire for delay in lending to JLR
The Business & Enterprise Committee in the UK, appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for Business, Enterprise & Regulatory Reform (BERR), has voiced its disappointment over the government’s delays in providing support to the cash-strapped Jaguar Land Rover (JLR), the Midlands-based car maker which is now a part of Tata Motors.

© Copyright 2009