Videocon jumps; chairman says mulling dividend
Reuters Market Eye - Shares in Videocon Industries gain 4.3 percent after its chairman and managing director, Venugopal Dhoot, said in an interview with news channel CNBC-TV18 that the company will consider special dividend and bonus shares, dealers say.
The comments come after Oil and Natural Gas Corp and Oil India agreed to buy a 10 percent stake in a Mozambique gas field from Videocon Group for $2.48 billion.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Indian economic growth forecasts pegged back, despite rate cuts: Reuters Poll. Full Article