Videocon Industries closes GDR issue, raises $51.02 million

Videocon Industries Ltd has closed the GDR Issue and allotted 15,750,000 underlying equity shares of face value of Rs. 10/- each, represented by 15,750,000 GDR at a price of US$ 3.2395 per GDR, equivalent to Rs. 174/- per equity share aggregating to US$ 51.02 Million.

The Videocon Industries Ltd stock was trading at Rs.170.80, down by Rs.2.30 or 1.33%. The stock hit an intraday high of Rs.174.30 and low of Rs.170.35.

The total traded quantity was 0.30 lakhs compared to 2 week average of 0.34 lakhs.

Source : Equity Bulls

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