Samsung Wants To Buy Out Dhoots & #8217; Stake, But Price Is A Problem

Korean chaebol Samsung is in discussions with the Dhoots of the Videocon Group to buy out the latter's 26 per cent stake in Samsung India Electronics, but talks are deadlocked due to disagreements over the price.

While the Korean major holds 74 per cent in the venture, the Dhoots, through Reasonable Computer Solutions, a closely-held investment arm, holds the balance 26 per cent.

When contacted, Venugopal Dhoot, chairman of the Videocon Group, confirming the development, said,