The company had received the permission from market regulator Sebi in March 2013 for its proposed Rs 700-crore IPO but did not launch the same due to bad market conditions.
Direct to home service provider Videocon d2h is likely to go ahead with its proposed public float (IPO) plan this financial year, according to a top company official.
The company had received the permission from market regulator Sebi in March 2013 for its proposed Rs 700-crore IPO but did not launch the same due to bad market conditions.
"We are engaged with our advisors and investment bankers. We have appointed Axis Capital among others to advise us on the same. We are planning the IPO this financial year itself," Videocon director Saurabh Dhoot told PTI here today.
The satellite TV arm of the diversified Videocon group today formally announced the change of its name from Bharat Business Channel to Videocon d2h.
Dhoot said the rechristening will not have any impact on the IPO.
The company also unveiled its 4K ultra high definition services which it will roll out over next three quarters, he said.
The company expects an uptick in the sales of 4K or UHD panels in the festive season and it would be targeting its existing customer base.
"It would begin with important sports events which would be enabled by the 4K feed. So we are well prepared to launch that service for our customers. Then we would have movies and general entertainment," he said.
The company caters to 11 million customers and has been growing at 40 percent CAGR, Dhoot said.
Company chief executive Anil Khera said it would be a premium service and the 4K Ultra HD box would cost Rs 10,000.
Videocon Ind stock price
On July 03, 2014, Videocon Industries closed at Rs 186.00, down Rs 5.1, or 2.67 percent. The 52-week high of the share was Rs 211.05 and the 52-week low was Rs 153.00.
The latest book value of the company is Rs 316.93 per share. At current value, the price-to-book value of the company was 0.59.
Anda sedang membaca artikel tentang
Videocon d2h likely to bring IPO this fiscal
Dengan url
http://harmonisem.blogspot.com/2014/07/videocon-d2h-likely-to-bring-ipo-this.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Videocon d2h likely to bring IPO this fiscal
namun jangan lupa untuk meletakkan link
Videocon d2h likely to bring IPO this fiscal
sebagai sumbernya
0 komentar:
Posting Komentar