IndianMascot
Core Member
2013 may keep cash registers of Videocon Group ringing, as the company is all set to launch 4G services in India and sell its stake in Mozambique gas field. The company on Monday announced to rope in European telecom company Nokia Siemens Network as a technology partner for rolling out 4G services in the country. Videocon Industries is also likely to soon sell its stake in Mozambique gas field.
According to a Reuters report, the company has already started the auction of a 20 percent stake in a Mozambique gas field along with US based Anadarko Petroleum Corp.
Videocon Industries stock hit an intraday high of Rs 207.20 on the Bombay Stock Exchange following development in the company's telecom and oil and gas business.
Videocon Group's direct-to-home (DTH) arm Bharat Business Channel Ltd’s initial public offering is likely to hit the market in a month, Chairman Venugopal Dhoot told CNBC TV18 in an interview.
He stressed that the group's DTH business was doing really good and hence it will like to extend the benefits of this business to investors as well.
"Videocon has become number one DTH player in India today and that is why we are going for IPO so that our profit could be shared with the public," Dhoot said.
Wish to read further, ------->
According to a Reuters report, the company has already started the auction of a 20 percent stake in a Mozambique gas field along with US based Anadarko Petroleum Corp.
Videocon Industries stock hit an intraday high of Rs 207.20 on the Bombay Stock Exchange following development in the company's telecom and oil and gas business.
Videocon Group's direct-to-home (DTH) arm Bharat Business Channel Ltd’s initial public offering is likely to hit the market in a month, Chairman Venugopal Dhoot told CNBC TV18 in an interview.
He stressed that the group's DTH business was doing really good and hence it will like to extend the benefits of this business to investors as well.
"Videocon has become number one DTH player in India today and that is why we are going for IPO so that our profit could be shared with the public," Dhoot said.
Wish to read further, ------->