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
India should increase public spending to boost economic growth in the medium term as there have been no signs of private investment picking up, chief government economic adviser Arvind Subramanian said on Friday. Full Article