DashMajor
EntMnt Knight
SUN DIRECT.
News Videocon d2h files for IPO to raise Rs.700 Crore
- Thread starter Veer
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Sanjeev
Core Member
Exactly.Even my late father bought it then.The new connection was available at just 500 bucks...With the tagline Ghar Ghar Mein Sun, Tan Tana Tan.
Akash Modi
EntMnt Contributor
MUMBAI: A few days ago, Videocon d2h files paper with the Securities and Exchange Board of India (SEBI) to raise Rs 700 crore through an initial public offering (IPO).
Rs 350 crore will be used to acquire STBs, outdoor units and accessories from TEL, a Videocon Group entity and Rs 175 crore to repay debt.
In a recent interview to CNBC TV18, Videocon Industries CMD Venugopal Dhoot has said that it will launch the IPO in the first quarter of 2015.
“We hope to launch it in January or February maximum, market is good and Videocon d2h has been number one since beginning in customer acquisition from where it started and now it has become number one in customer acquisition,” he said adding that it is looking at doubling its subscriber base within five years. Dhoot highlighted that it currently has 9 million subscribers but will soon become a ‘super profitable company’.
Source :-http://Videocon d2h plans to launch IPO by Feb 2015 | Indian Television Dot Com
Rs 350 crore will be used to acquire STBs, outdoor units and accessories from TEL, a Videocon Group entity and Rs 175 crore to repay debt.
In a recent interview to CNBC TV18, Videocon Industries CMD Venugopal Dhoot has said that it will launch the IPO in the first quarter of 2015.
“We hope to launch it in January or February maximum, market is good and Videocon d2h has been number one since beginning in customer acquisition from where it started and now it has become number one in customer acquisition,” he said adding that it is looking at doubling its subscriber base within five years. Dhoot highlighted that it currently has 9 million subscribers but will soon become a ‘super profitable company’.
Source :-http://Videocon d2h plans to launch IPO by Feb 2015 | Indian Television Dot Com