Date:05/11/2009 URL: http://www.thehindubusinessline.com/2009/11/05/stories/2009110551600200.htm

Back Videocon board okays Rs 1,200-cr rights

Mumbai, Nov. 4

The Videocon Industries board has approved a rights issue of Rs 1,200 crore. The compnay will also issue equity shares of Rs 45 crore on preferential basis to an independent non-promoter investor. The company will seek shareholders’ approval through an extraordinary general meeting.

— Our Bureau