Videocon may sell 26 pc stake to foreign players - Hindustan Times
close_game
close_game

Videocon may sell 26 pc stake to foreign players

PTI | By, New Delhi
Apr 21, 2010 12:34 PM IST

Diversified group Videocon Industries on Wednesday said it may sell up to 26 per cent stake in the company to foreign players.

Diversified group Videocon Industries on Wednesday said it may sell up to 26 per cent stake in the company to foreign players.

HT Image
HT Image

"Many foreign companies are eyeing a stake in us.... We may dilute a stake of up to 26 per cent," Videocon Industries Chief Venugopal Dhoot told reporters in New Delhi.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

Asked by when a stake dilution can take place, he said, "As soon as we get a good valuation we will do that."

He said the company's valuation, which is currently at Rs 12,000 crore, may go up further considering the rapid expansion it has undertaken.

Group Company Videocon Mobiles recently started its services in Tamil Nadu, Gujarat and Mumbai circles.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, June 23, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On