Is Videocon share good to buy?
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I think you can surely go with videocon industries as a pure bet on Debt or NPA companies. At present level of around Rs 20, stock may continue to consolidate even for more few months. But yes any solid revival plan has potential to double or even triple the stock price within 1–2 months.
Will Videocon be listed again?
Videocon Industries Ltd and Values Industries Ltd will be delisted as part of the resolution plan approved for the bankrupt-Videocon group. Videocon Industries has fixed June 18, 2021 as the ‘record date’ for the purpose of delisting of equity Shares from the BSE and the NSE.
What is the status of Videocon?
Videocon is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code and since September its affairs, business and assets are being managed by resolution professional Abhijit Guhathakurta.
The financial creditors of the debt-ridden Videocon Industries will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan, according to a public notice.
Is Videocon a Indian company?
Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world valued at US$5.5 billion.
Why did Videocon failed?
The Videocon group fell into a financial crisis after the Supreme Court cancelled its wireless telephony licence in 2012 and the group’s flagship company Videocon Industries’ investment in the telecom arm turned bad. According to the NCLT order, shares of Videocon Industries (VIL) and Value Industries will be delisted.
How is the owner of Videocon?
According to Forbes magazine, his wealth in 2015 was $1.19 billion, the 61st richest person in India. He is the founder, chairman and managing director of Videocon….
| Venugopal Dhoot | |
|---|---|
| Nationality | Indian |
| Alma mater | College of Engineering, Pune |
| Occupation | Founder & Chairman Videocon |
| Spouse(s) | Rama Dhoot |
Who is buying Videocon?
The Mumbai bench of the National Company Law Tribunal on Tuesday approved the resolution plan submitted by Anil Agarwal-owned Twin Star Technologies for acquiring Videocon Industries Ltd. Twin Star Technologies offered to pay ₹2,962 crore against Videocon’s financial liabilities of around ₹62,000 crore.
Is Vedanta taking over Videocon?
Videocon has 54 financial creditors with about 33 of them in the committee of creditors. The assets include Ravva Oil and Gas Fields in the Krishna Godavari Basin in which Vedanta can now become the single largest shareholder by consolidating its holding and taking over Videocon’s 25\%.
Is Videocon Industries Ltd (Videocon) stock a good value?
At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Videocon Industries Ltd.. If you are looking for stocks with good return, Videocon Industries Ltd. stock can be a bad, high-risk 1-year investment option.
What is the resolution plan for Videocon Industries?
As per the resolution plan, Videocon Industries will be delisted and Twin Star Technologies will pay Rs 2,962 crore against Videocon’s total debt of Rs 31,000 crore. Twin Star will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time.
What will be the INR price at 2021-08-28 for valuevideocon?
Videocon Industries Ltd. real time quote is equal to 7.250 INR at 2021-08-28, but your current investment may be devalued in the future. Get Our PREMIUM Forecast Now, from ONLY $8.49!
What is drivedhoot’s offer for Videocon?
Dhoot’s settlement offer was made for 13 out of the 15 Videocon group companies, which are jointly going through the Corporate Insolvency Resolution Process (CIRP). State-owned lender SBI had filed an insolvency plea against Videocon Industries in December 2017.