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3 years ago
India's Videocon d2h files for up to $113 mln IPO - regulator
October 1, 2014 / 4:38 AM / 3 years ago

India's Videocon d2h files for up to $113 mln IPO - regulator

MUMBAI, Oct 1 (Reuters) - India's Videocon d2h Ltd, the satellite television arm of the Videocon Group, has filed for an initial public offering to raise up to 7 billion rupees ($113.30 million), according to a filing with the market regulator.

Seven banks - including UBS and India's Axis Capital, ICICI Securities and SBI Capital Markets - will manage the share sale.

Indian companies are expected to come up with a raft of equity sales in the coming months on the back of growing demand for stock investments after a landslide election victory for Prime Minister Narendra Modi. ($1 = 61.7850 Indian rupees) (Reporting by Himank Sharma; Editing by Subhranshu Sahu)

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