Breaking News Videocon D2H raises $325 million and listed on NASDAQ
- Thread starter IndianMascot
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IndianMascot
Core Member
Videocon d2h to File Afresh for IPO
Videocon d2h Ltd, the satellite television arm of Videocon Group, will have to file a new draft prospectus for an initial public offering in domestic markets after fund raising via American depositary shares (ADS), Saurabh Dhoot, director of the company, told Reuters.
Videocon d2h agreed to sell ADS worth up to $375 million to US-based Silver Eagle Acquisition Corp in January, which would get listed on Nasdaq stock exchange on Tuesday.
That means the company has to file a new application after filing one in October 2014 to raise up to Rs 700 crore ($113.3 million).
Videocon d2h to File Afresh for IPO - NDTVProfit.com
Videocon d2h Ltd, the satellite television arm of Videocon Group, will have to file a new draft prospectus for an initial public offering in domestic markets after fund raising via American depositary shares (ADS), Saurabh Dhoot, director of the company, told Reuters.
Videocon d2h agreed to sell ADS worth up to $375 million to US-based Silver Eagle Acquisition Corp in January, which would get listed on Nasdaq stock exchange on Tuesday.
That means the company has to file a new application after filing one in October 2014 to raise up to Rs 700 crore ($113.3 million).
Videocon d2h to File Afresh for IPO - NDTVProfit.com
So it seems after regime change PC is not in a position to help out his friend Dhoot........
Some Indian companies don't plan properly for capex requirement & then forced to sell stake to foreigners.
Slowly foreign stake is increasing in Indian companies. Already stock market is virtually controlled by FIs....
Some Indian companies don't plan properly for capex requirement & then forced to sell stake to foreigners.
Slowly foreign stake is increasing in Indian companies. Already stock market is virtually controlled by FIs....
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Soon we would see American directors at D2H pushing for American h/w & s/w.......So Videocon d2h is 33.5% American now.
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DashMajor
EntMnt Knight
Typical Indian MindsetSoon we would see American directors at D2H pushing for American h/w & s/w.......
They believe on subsidize model and when found trouble then seeks for Foreign help