Page 5 - Videocon Industries

Haldiram's, Vedanta among those in fray to acquire Videocon group companies

Currently, 13 companies of the consolidated group are under insolvency proceedings, including Videocon Industries, Videocon Telecommunications, and Electroworld Digital Solutions

Videocon union to demand pending salaries, stage sit-in at Dhoots residence

Weighed down by heavy debt, the Videocon group with 13 operating companies, was sent to bankruptcy court last year and a resolution is pending

NCLT bars SBI from selling Videocon's overseas oil & gas assets

The National Company Law Tribunal (NCLT) has asked SBI not go ahead with its plans to sell the overseas oil & gas assets of Videocon Industries in its bid to recover some of their dues from the bankrupt group. Asking for maintaining the status quo, the NCLT said if SBI is allowed to execute the sale as advertised, the Videocon Group may suffer an irreparable losses if this tribunal in future takes a view that the assets in question belong to or owned by the group. These subsidiaries are special purpose vehicles (SPVs) specifically incorporated by Venugopal Dhoot for holding foreign oil and gas assets for and on behalf of the group, the tribunal said in its order dated September 7. Therefore, it said, the creditors of these SPVs have lodged their claims with the RP. However, on merits the matter is still sub judice, the tribunal added. "SBI is hereby prohibited to go ahead with the advertisement and is directed to maintain the status quo till the decision is ...

NCLAT rejects govt claims of $314 mn from Videocon for Ravva offshore

The ministry had on October 22 last year sent Videocon a demand notice for payment of govt's share of profit petroleum

NCLAT bars petroleum ministry from recovering Rs 2,245 crore from Videocon

Appellate tribunal upholds NCLT Mumbai order, says ministry free to approach RP with its claims

Delay in Q1 results due to insolvency proceedings consolidation: Videocon

The Venugopal Dhoot-promoted Videocon Group owes over Rs 90,000 crore to various public and private sector banks

State Bank of India seeks bids for Videocon's overseas oil and gas assets

SBI said it had appointed consultant Deloitte to find buyers for Videocon's exploration assets in Brazil and Indonesia

Debt-ridden Videocon Industries posts Rs 1,023 crore net loss in Q3FY19

Videocon's total income fell sharply to Rs 223.73 crore during the October-December of 2018-19 from Rs 864.34 crore in the corresponding period previous year

Consolidate all group subsidiaries as one entity: Videocon lenders to NCLT

The Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings

Cyril Amarchand Mangaldas withdraws report that gave clean chit to Kochhar

ICICI Bank in a regulatory filing Tuesday said the clean chit given to Kochhar in March this year was based on the inquiry report of the law firm

Videocon: A brand unravelled by diversification, debt, dubious deals

Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development

Lenders seek extension on resolution proceedings against Videocon Oil

Bankers said they expected the valuation of Videocon Oil's assets in Brazil to double by next year due to rising oil prices

Videocon Industries' standalone net loss widens to Rs 28.74 bn in Q1

Shares of Videocon Industries settled 4.55 per cent down at Rs 5.45 apiece on BSE

ICICI Bank-Videocon case: Auditors and lawyers to help Srikrishna probe

ICICI Bank's audit committee, led by board member Uday Chitale, would assist the independent probe

Once a market leader, Videocon was hit by 2G licence cancellation

The company has paid Rs 188 billion as interest to banks in the last five years, according to data submitted to the stock exchanges even as its sales and profits declined

After Videocon merger, Dish TV mulls pumping Rs 17-bn in FY19 to boost biz

Dish TV would retain both brands to leverage their strengths and is looking at benefits worth Rs 5 bn from synergies in first year itself

DTH consolidation: Videocon d2h and Dish TV complete amalgamation process

A meeting of the board of directors of the company is scheduled to be held on Monday to consider and initiate necessary incidental actions in relation to the scheme of arrangement for the merger

Videocon exits insurance biz, sell entire stake to Diamond Dealtrade, Enam

The company said it had received the necessary regulatory approvals for rebranding

Videocon exits insurance biz; sells stake to DP Jindal Grp, Enam Securities

Post the sale, Videocon ceases to be the Indian promoter of Liberty Videocon

Videocon Industries moves Bombay HC against SBI, RBI; hearing today

Videocon Industries was on the second list of 28 entities prepared by the RBI sent to the banks for action under the IBC 2016