Videocon Ind surged on demerger reports

Consumer durables major Videocon Industries zommed today over speculations of demerger of the company’s operations.

As per market speculations, the company may soon spin off its business into three verticals — consumer goods, telecom and oil & gas. There are also reports of company’s plans of raising funds through qualified institutional placement (QIP) route.

The company is engaged in two core businesses—consumer electronic products and home appliances, and oil and gas exploration and production. Its subsidiaries include Paramount Global Ltd, Global Energy Inc, Sky Billion Trading Ltd, Videocon Global Ltd, Venus Corporation Ltd and Powerking Corporation Ltd, among others.

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: