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Videocon d2h Files For up to Rs 700 Crore IPO

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Videocon d2h Files For up to Rs 700 Crore IPO
Videocon d2h Ltd, the satellite television arm of the Videocon Group, has filed for an initial public offering (IPO) to raise up to Rs 700 crore ($113.30 million), according to a filing with the market regulator.

Seven banks - including UBS and Axis Capital, ICICI Securities and SBI Capital Markets - will manage the share sale.

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Indian companies are expected to come up with a raft of equity sales in the coming months on the back of growing demand for stock investments after a landslide election victory for Prime Minister Narendra Modi.

Copyright: Thomson Reuters 2014

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