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 Corporate - Announcements
Markets - Rights Issue
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

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