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Videocon to seek shareholder nod to raise up to $800 mn

Nov 30 2013, 13:33 IST
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Videocon proposes to seek shareholder approval to raise up to 50 billion rupees. (AP) Videocon proposes to seek shareholder approval to raise up to 50 billion rupees. (AP)
SummaryVideocon proposes to seek shareholder approval to raise up to 50 billion rupees.

India's diversified Videocon Industries Ltd proposes to seek shareholder approval to raise up to 50 billion rupees ($800 million), the company said on Saturday.

The funds could be raised through various means, such as the issue of shares or foreign currency convertible bonds, the company told the stock exchange in a statement.

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