Isaac George, CFO, GVK Power And Venugopal Dhoot, chairman and managing director of Videocon

By CROW -

06:28 PM Monday , 07 April
Isaac George, CFO, GVK Power, speaking on the company`s business plans, said that now that the possibility of gas supply is in sight, we will start negotiating for a stake sale after declaring commercial operations on two projects%u2014220 mw and 469 mw. He further added, as far as the percentage of stake sale in GVK Energy is concerned, we will look at raising about USD 200 million.
Source : CNBC TV18
06:26 PM Monday , 07 April
Venugopal Dhoot, chairman and managing director of Videocon, said the board is seeking shareholder approval for preferential share issue to Bennett Coleman. The company plans to issue 11.7 million warrants at Rs 170 a share, he added. Dhoot feels exports will come back to normal from June. He sees consumer durables market in rural areas continuing to be strong. Talking on the company`s move to enter the DTH market, Dhoot said Videocon with a network of 30,000 dealers would breakeven in the very first year and start earning profits from the second year. Videocon, according to him, continues to invest in oil exploration and production. The company has struck oil in Oman and Brazil.
Source : CNBC TV18

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