- News
- Business News
- India Business News
- Thomson may hike stake
Trending
This story is from July 7, 2005
Thomson may hike stake
MUMBAI: Thomson Electronics may hike its stake in the merged entity of Videocon International Ltd and Videocon Industries Ltd, sources said.
MUMBAI: Thomson Electronics may hike its stake in the merged entity of Videocon International Ltd and Videocon Industries Ltd, sources said. The French electronics giant may settle at 26%. Videocon group will evaluate a merger proposal Videocon Industries and Videocon International, at its board meeting to be held on Thursday. ICICI Securities has been appointed to advise the merger ratio.
Sources said fresh equity from Thomson would aid Videocon Industries in its bid to buy some of the consumer electronic units of AG Electrolux.
Sources said fresh equity from Thomson would aid Videocon Industries in its bid to buy some of the consumer electronic units of AG Electrolux.
Venugopal Dhoot, Videcon group chairman, declined to comment. Thomson has 14% stake in Videocon Industries, after latter acquired Thomson's picture tube businesses.
End of Article
FOLLOW US ON SOCIAL MEDIA
Hot Picks
TOP TRENDING
Trending Stories
In Business
Entire Website
- Will banks open only for 5 days a week? Here’s what you should know about IBA’s proposal
- India set to be third largest economy, says S&P Global
- Dalal Street bull run continues! BSE Sensex crosses 69,000 for the first time; Nifty above 20,800
- Byju’s reduces notice period for employees as troubles mount
- Sensex surges over 900 points, Nifty above 20,550 as BJP state election wins bolster Modi's Lok Sabha 2024 prospects
- UltraTech to buy building materials business of Kesoram in 7,600 crore deal
- Tata Technologies stock debuts at a bumper 140% premium; share price at Rs 1200 on BSE
- Tata Technologies share allotment: How to check IPO allotment status, listing date, GMP
- BSE m-cap rides rally in Adani stocks, tops $4 trillion
- Charlie Munger, who helped Warren Buffett build Berkshire, dies at 99
- 'Making anti-national statements': Amit Shah targets Rahul Gandhi over remarks on reservation
- Two terrorists killed during encounter with security forces in J&K's Udhampur
- Is this India’s chance to replace Bangladesh as world’s clothing factory?
- Sikh groups protest against Rahul's remarks in US, demand apology
- 'Pick someone first, then ... ': Akhilesh cites 'pattern of encounters' under BJP rule
- Pathan's magic in Karachi: A hat-trick to remember in the first over
- Is a select group of investors rigging the SME IPO game?
- iPhone 16 series launched: Complete features, price and how to pre-order
- 'Will fight narrative of Naya Kashmir', MP Rashid after walking out of Tihar jail
- 'They would be in jail if ...': Kharge's attack draws BJP's 'Emergency DNA' jab
Popular Categories
Hot on the Web
Top Trends
Trending Topics
Deepika PadukoneMalaika Arora Father DeathArbaaz KhanJayram RaviAishwarya Rai BachchanSlat WaterWeight GainGOAT CollectionVikas Sethi DeathMalayalam ProducersIndia's Best Dancer 4Simi GarewalDilli BabuIndian National ParksLaung BenefitsVikas SethiiPhone 16Dubai Princess Sheikha MahraMG Windsor EvWordle Answer
Living and entertainment
Latest News
Manju Warrier expresses gratitude for birthday wishes: "Forever humbled and grateful"Haryana HPSC PGT admit card 2024 out at hpsc.gov.in: Direct link to download hall ticket here6,0,6,6,6 - Smashing Kieron Pollard rolls back the clock in Caribbean Premier League - WatchJiiva and wife escape with minor injuries after a road accidentRelief for Amul in trademark war against Italian brandAfghanistan vs New Zealand: Why is Greater Noida stadium hosting a Test match?Shilpa Shetty and Raj Kundra spotted at the Siddhivinayak Temple; video insideDonald Trump and Kamala Harris shake hands as they meet for first time on debate stage: Watch the 'awkward' momentPrince William’s commitment to a lasting marriage with KateWhen Jaya Bachchan revealed she had a huge crush on Dharmendra, called him a 'Greek God' in front of Hema MaliniJr NTR starrer 'Devara: Part 1' completes censorship formalities; receives UA certificateGeorgia school shooting: Suspect's mom's call wasn't the only alert, multiple warnings overlooked before Apalachee high attack'Trump should not be telling a woman what to do with her body', says Kamala Harris on abortion rights during US presidential debateArbaaz Khan spotted outside Malaika Arora's house along with police after the tragic news of her father's demise by alleged suicide - WATCH VIDEOShivaji statue collapse: Sculptor’s custody extended till September 13Vijay Sethupathi and Trisha starrer '96' to have a sequel, reveals Prem Kumar7 Common veggies that are loaded with iron and essential nutrientsAir India Express and Scoot launch exciting flight sale for domestic and international travel
Copyright © 2024 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service