Is Videocon Chinese company?

Is Videocon Chinese company?

Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico.

What went wrong with Videocon?

Videocon claimed bankruptcy under the Insolvency and Bankruptcy Code in 2018. But several complications concerning loans have led to delay in the process. As of now, the Vedanta Group is taking over the insolvent Videocon Group.

Who owns Videocon now?

Anil Agarwal’s Vedanta Group will now be the owners to Venugopal Dhoot’s empire of Videocon companies. National Company Law Tribunal approved Anil Agarwal-backed Twin Star Technologies’ bid to acquire Videocon Industries Ltd for ₹2,900 crore.

Who is the chairman of Videocon Group?

Venugopal Dhoot
Venugopal Dhoot (born in Mumbai, India) is an Indian businessman. According to Forbes magazine, his wealth in 2015 was $1.19 billion, the 61st richest person in India. He is the founder, chairman and managing director of Videocon.

Is Videocon delisted?

Videocon Industries Ltd and Values Industries Ltd will be delisted as part of the resolution plan approved for the bankrupt-Videocon group. Videocon Industries has fixed June 18, 2021 as the ‘record date’ for the purpose of delisting of equity Shares from the BSE and the NSE.

Which year Videocon closed?

The Videocon group fell into a financial crisis after the Supreme Court cancelled its wireless telephony licence in 2012 and the group’s flagship company Videocon Industries’ investment in the telecom arm turned bad.

Is Anil Agarwal buying Videocon?

The Mumbai bench of the National Company Law Tribunal on Tuesday approved the resolution plan submitted by Anil Agarwal-owned Twin Star Technologies for acquiring Videocon Industries Ltd.

Who is purchasing Videocon?

The National Company Law Appellate Tribunal (NCLAT) has stayed the acquisition of Videocon group by Vedanta group’s Twinstar Technologies through the insolvency process, on an appeal filed by the Bank of Maharashtra.

Is Venugopal Dhoot Marwari?

Venugopal Dhoot Edit Profile He was born in a Marwari-Maheshwary family. The Maheshwary community hail from Rajasthan, and are known for producing most of India’s finest entrepreneurs and industrialists.

Is Videocon getting delisted?

Which is the parent company of Videocon Telecom?

The company was a subsidiary of the Videocon Group, and was headquartered at Gurgaon, Haryana. Videocon launched its services on 7 April 2010 in Mumbai. At its peak, Videocon held licences to provide mobile services in 18 out of 22 telecom circles of India.

When was Videocon Mobile service launched in India?

Videocon launched its services on 7 April 2010 in Mumbai. At its peak, Videocon held licences to provide mobile services in 18 out of 22 telecom circles of India. However, Videocon launched commercial services only in 11 out of the 18 circles it held licences in.

Where are Videocon Industries located in the world?

Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world valued at US$ 5.5 billion.