Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs

  • Thread starter Thread starter kumarvishwas
  • Start date Start date
  • Replies Replies: Replies 129
  • Views Views: Views 20,828
If Sundirect buys videocon then it would be great for them to make a comeback to indian market...
 
DishTv may have declined but future of Videocon isn't Good 


[font=Raleway, Georgia, serif]Banks ask Videocon to sell some assets to tide over Rs 43,000 crore debt[/font]


[font=Raleway, Georgia, serif]Banks are putting pressure on the promoters of debt-laden Videocon Industries Ltd to strip some of its assets in order to lighten its debt burden of over Rs 43,000 crore as the consumer electronics-to-energy major has slipped into financial stress amid aggressive diversification.[/font]

[font=Raleway, Georgia, serif]Keeping a hawk eye on the company's repayment schedule, banks have identified businesses that the group could put up for sale. The Dhoots have been asked to monetise the Kenstar brand from its consumer electronics division, hive off real-estate assets, sell a part of their overseas assets in oil and gas, and get rid of their DTH business.[/font]

[font=Raleway, Georgia, serif]Banks ask Videocon to sell some assets to tide over Rs 43,000 crore debt | Latest News & Updates at Daily News & Analysis[/font]
 
anupbharadwaj said:
so u mean for the moment talks with dishtv have failed?

DishTv declined the news  ;)

But Banks are forcing Videocon to sell DTH business  :k
 
Back
Top Bottom