Videocon plans merger of two group companies
06 July 2005
Mumbai: Videocon is planning to merge two of its group companies, Videocon Industries and Videocon International on the basis of advice given by the Development Bank of Singapore and ICICI.
As a result of the merger the combined market capitalisation of the two firms would come to around Rs9,600 crore. Videocon International markets consumer durables / electronics while Videocon Industries has interests in the oil/energy sector.