VIDEOIND

News Verification : The media had reports that "Videocon set to acquire Datsons Labs for Rs. 350 Crores.". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Videocon Industries Limited has vide its letter inter-alia stated, "We hereby completely deny the news that Videocon is set to acquire Datsons Labs. Accordingly, we confirm that, no such negotitations have ever taken place and neither are in progress. As such, there is no questi

The Exchange had sought clarification from Videocon Industries Limited with respect to a news item captioned "Videocon appoints Sanjeev Bakshi as COO". The Company has clarified that "We confirm that Mr. Sanjeev Bakshi has been appointed as Business Head of one of the divisions of the Company and has been given designation as Chief Operating Officer of that division. We further confirm that he is not a key management personnel as set out in section 2(51) of the Companies Act, 2013".

News Verification : The media had reports that Videocon Industries Limited to divest upto 26% stake in telecom arm. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Videocon Industries Limited has vide its letter inter-alia stated, "It may be noted that the management has given a general expression in the past about possibility of equity dilution at an appropriate time and the process is still continuing. You may also kindly note th

News Verification : The media had reports that Oil & Natural Gas Corporation Limited and Oil India Ltd may buy stake in Mozambque gas field of Videocon Industries Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Videocon Industries Limited has vide its letter inter-alia stated, "We wish to inform you that there is no new information with the Company nor there is any event, which requires disclosure or intimation to the st

News Verification : The media had reports that Videocon Industries Limited is likely to sell its stake in Mozambique's Rovuma Basin asset to Oil India Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Videocon Industries Limited has vide its letter inter-alia stated, "We wish to inform that the Company does not comment on the rumours and speculative market reports".

Spurt in Volume : Substantial increase in trading volumes have been observed in Videocon Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Videocon Industries Limited has vide its letter inter-alia stated, "There is no information pending to be intimated to the Exchanges, which in our opinion, may have bearing on the price/ volume of the scrip".

News Verification : The media had reports on September 25, 2009 that Videocon Industries Limited may spin off its strategic interest in Wahoo field block into a separate entity. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Videocon Industries Limited has vide its letter inter-alia stated,"The company has not taken any decision with respect to spin off of any of its oil and gas assets."

News Verification : The media had reports that Videocon Industries Limited may spin off its strategic interest in Wahoo field block into a separate entity. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from the company.

News Verification : The media had reports on January 01, 2009 that Videocon Industries Limited and Himachal Futuristic Communications Limited have agreed to resolve the dispute regarding Datacom. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Videocon Industries Limited has vide its letter inter-alia stated,"We wish to clarify that there is neither any dispute with Himachal Futuristic Communications Limited nor

News Verification : The media had reports that Videocon Industries Limited and HIMACHLFUT have agreed to resolve the dispute regarding Datacom. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Videocon Industries Limited has vide its letter inter-alia stated,"Reply is awaited from the company."

News Verification : The media had reports that Videocon Industries Limited may spin off its myriad energy business into a separate company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Videocon Industries Limited has vide its letter inter-alia stated,"In this connection, we wish to clarify that in line with the recent amendments to the main object clause of Memorandum of Association of the Company; the Company

News Verification : The media had reports on April 14, 2007 that Videocon Industries Limited may set up a semiconductor design-cum-fabrication complex near Kolkata with an "initial investment" of Rs 1,000 crore. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Videocon Industries Limited has vide its letter inter-alia stated,"As a part of overall growth strategy of the Company, we continue to discuss various opportu

News Verification : The media had reports on April 14, 2007 that Videocon Industries Limited may set up a semiconductor design-cum-fabrication complex near Kolkata with an "initial investment" of Rs 1,000 crore. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Videocon Industries Limited.

Clarification of News : The press had reports on July 06, 2005 that 1) AB Electrolux will invest Rs 500 crore in Videocon Industries Limited and 2) Thomson Electronics may raise the stake to 26% in the merged entity of Videocon International Limited and Videocon Industries Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Videocon Industries Limited has vide its letter inter-alia stated, "We request to knd

Clarification of News : The press had reports that AB Electrolux will invest Rs 500 crore in Videocon Industries Limited and Thomson Electronics may raise the stake to 26% in the merged entity of Videocon International Limited and Videocon Industries Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Videocon Industries Limited.

Videocon Industries Limited has informed the Exchange that with reference to the news article appeared in the Economic Times on April 15, 2005, the Company clarifies that the exploration of crude oil activities is the business plan of Videocon Industries ltd., but in the article it is erroneously mentioned as Videocon International Ltd. Further the Company has informed that the Board of Directors of the Company are considering, to examine the exploration and development opportunities in India, Sudan and the Middle East, consequent to amalgamation of Petrocon India Limited with the Company. The