Aurangabad based - Videocon Industries Ltd will raise Rs 1,245 cr by issuing shares on rights and preferential basis. Rs 1,200  will raised by alloting shares on rights basis, while Rs 45 cr will be raised by preferntial allotmant of shares to an independent non-promoter investor.

The consumer durables major has a market cap of Rs 49.1 bn and posted a PAT of Rs 10,989 mn on revenues of Rs 122,370.5 mn for the last fiscal.

Videocon recently acquired Finnish Elcoteq SE for an undisclosed amount. 

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