Epic Update : Videocon Industries

Videocon Industries is reportedly expecting to raise Rs 4,000-5,000 crore from stake sale in telecom arm. The company is also expecting to fetch around Rs 10,000 crore from Mozambique stake sale in 2 days. The company will use entire Rs 15,000 crore to reduce debt and the debt will come down to Rs 10,000 crore from Rs 25,000 crore. The company will also payoff liberal dividend to shareholders.


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