Videocon Ind surges over 9% on IPO plans for DTH arm
04/07/2014 10:58
Shares of Videocon Industries, a large diversified Indian company, rallied over 9 per cent in early trade on Bombay Stock Exchange (BSE) on media report that the company’ direct to home service provider Videocon d2h is likely to go for public listing of its share. According to PTI report, the company got market regulator Sebi approval in March 2013 for its proposed Rs 700-crore IPO but did not launch the same due to bad market conditions. Tracking the news, shares of company gained as much as 9.40 per cent to trade at Rs 203.50 a piece on the BSE. In a similar fashion, shares of the company rose 7.04 per cent to Rs 199.30 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,868.37, up 44.26 points or 0.17 per cent at 11.10 hours.
04/07/2014 10:58
Shares of Videocon Industries, a large diversified Indian company, rallied over 9 per cent in early trade on Bombay Stock Exchange (BSE) on media report that the company’ direct to home service provider Videocon d2h is likely to go for public listing of its share. According to PTI report, the company got market regulator Sebi approval in March 2013 for its proposed Rs 700-crore IPO but did not launch the same due to bad market conditions. Tracking the news, shares of company gained as much as 9.40 per cent to trade at Rs 203.50 a piece on the BSE. In a similar fashion, shares of the company rose 7.04 per cent to Rs 199.30 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,868.37, up 44.26 points or 0.17 per cent at 11.10 hours.
