Page 3 - Videocon Industries

Top headlines: Vedanta bids for Videocon's assets; QoQ profit to take knock

Business Standard brings to you the top headlines on Monday

Vedanta among 11 bidders vying for Videocon's Brazil assets worth $2 bn

If sale is successful, lenders will get Rs 15,000 cr more from Videocon's debt resolution, taking their recovery to over 40%

Videocon Industries financial creditors to get 8% stake in merged entity

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

Total haircut of 95.85% to all the creditors in Videocon resolution plan

VIL shares have been rising on the exchanges for the past few days after the announcement of Anil Agarwal's resolution plan.

Vedanta arm is paying almost nothing for Videocon group, says NCLT

Expresses surprise that Twin Star's bid was so close to liquidation value

Videocon to give Anil Agarwal's group majority stake in Ravva oilfield

Billionaire Anil Agarwal's metals-to-oil group said it will make an upfront payment of almost USD 40 million for the acquisition of Videocon Industries Ltd it will become largest shareholder.

NCLT clears Videocon sale to Vedanta group firm Twinstar Technologies

Twinstar had offered to pay Rs 2,962 crore to the lenders of Videocon Industries which was saddled with debt of Rs 46,000 crore

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL

The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default

Lenders to miss March-end deadline for Videocon resolution

In December last year, Vedanta had won the race to acquire Videocon Industries after banks sought consolidated plan from bidders

PMLA case: Videocon's Venugopal Dhoot appears before court, gets bail

Special judge A A Nandgaonkar granted bail to him on a personal bond of Rs 500,000

LIVE updates: 16 killed, 36 injured in fire in Tamil Nadu cracker factory

Fire in the factory broke out when some chemicals were being mixed to produce firecrackers. Stay tuned for Latest LIVE news

Videocon lenders, 12 other group companies to meet on Tuesday under IRP

The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP)

Videocon lenders approve Anil Agarwal-promoted Twin Star Technologies bid

The lenders of Videocon Industries have approved the bid by Twin Star Technologies under the insolvency resolution process of the debt-ridden firm

ED challenges clean chit to Kochhars and Dhoot, moves appellate tribunal

Seeking immediate stay on the order, the agency feels the impugned order, passed by the authority, went beyond its jurisdiction

PMLA clean chit to Chanda Kochhar may help Videocon debt recast plan: Dhoot

The company's promoter Venugopal Dhoot said their application is currently pending with the Committee of Creditors, which will soon vote on their proposal

Tata Teleservices, Jet Airways, Videocon Ind gain over 100% in one month

TTML, the top gainer among the list, has zoomed 192 per cent to Rs 8.62 from Rs 2.95 on the BSE.

Why some don't deserve a second chance

Last week, Videocon's Venugopal Dhoot and DHFL's Kapil Wadhawan offered to pay to pull their firms out of insolvency process

Videocon insolvency case: Dhoot family offers to pay Rs 30k cr to lenders

A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot told PTI

Lenders waiting for Godot in Videocon insolvency as IBC wheels turn slow

Banks have been waiting for their dues since 2017 as the issue over naming of resolution professional and consolidation of all group firms into one resolution plan delayed the whole process

Lenders to consider Videocon promoters' application for debt resolution

If the lenders agree to the proposal made by VIL's promoters, then it will be one of the first big ticket debt resolution by the lenders via Section 12A of the IBC