Videocon denies buying BPL assets

BPL stocks had risen close to 14.5% in early trade today on rumors that Videocon is in the race to buy the company's assets

BPL stocks rose close to 14.5% in early trade today on rumors that Videocon is in the race to buy the company's assets.

But Venugopal Dhoot, chairman of Videocon, denied that his company is buying assets of BPL.

In fact, the company has refused to buy BPL assets in the past.

BPL stock has gone up by 30% since the start of the year after the company started hunting for a buyer for its assets.

BPL was a well known brand in the 90's for their televisions and other electronic items.