Videocon Industries approves up to Rs. 10 billion in convertible bonds

By Devika Patel

Knoxville, Tenn., May 14 - Videocon Industries Ltd. informed the Bombay Stock Exchange that it approved plans to issue Rs. 10 billion in foreign currency convertible bonds at a board of directors meeting on May 14.

The company also is considering Global Depositary Receipts and American Depositary Receipts.

Aurangabad, India-based Videocon is a conglomerate with businesses in consumer electronics retail, video-display component manufacturing and oil-and-gas production.

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