Videocon Industries has received an approval to issue equity shares or any other convertible instruments for an amount not exceeding Rs 5,000 crore, at an appropriate time, by way of Follow on Issue, Private Placement basis, Qualified Institutional Placement basis, American Depository Receipts (ADRs), Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) or any other mode or mechanism, subject to necessary approval and consent. The board of directors at its meeting held on November 29, 2013 has approved for the same.
Videocon Industries, established two decades ago, is a global conglomerate whose business consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
The company has reported a rise of 32.50% its net profit at Rs 20.18 crore for the third quarter ended September 30, 2013 as compared to Rs 15.23 crore for the same quarter in the previous year. Total income of the company has increased by 10.24% at Rs 3359.59 crore for quarter under review as compared to Rs 3047.59 crore for the quarter ended September 30, 2012.
Videocon Industries, established two decades ago, is a global conglomerate whose business consists of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
The company has reported a rise of 32.50% its net profit at Rs 20.18 crore for the third quarter ended September 30, 2013 as compared to Rs 15.23 crore for the same quarter in the previous year. Total income of the company has increased by 10.24% at Rs 3359.59 crore for quarter under review as compared to Rs 3047.59 crore for the quarter ended September 30, 2012.
No comments:
Post a Comment