Tuesday, 17 September 2019

Videocon gets shareholder nod to raise Rs 5,000 cr

Updated: July 17, 2015 7:00 am

Videocon Industries has got shareholder nod to raise Rs 5,000 crore from the market through issuance of shares to institutional buyers, global depository receipts (GDR) and foreign currency convertible bonds (FCCBs). The board will raise the funds “at any appropriate time” by issuing “equity shares or any other convertible instruments for an amount not exceeding Rs 5,000 crore by way of follow-on issue, private placement basis…”, Videocon Industries said in a BSE filing.

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