Videocon Industries gains on Nasdaq listing of Videocon d2h

Shares of Videocon Industries have gained after direct-to-home company Videocon d2h made its debut on the Nasdaq on Tuesday.

Videocon d2h raised $325 million through issue of American Depository Receipts.

Videocon d2h is the first Indian private sector company to list overseas since 2000 and with a market cap of about $1.15 billion has emerged as the most valued Indian company at NASDAQ.

The stock opened at Rs 157 and touched a high of Rs 166. At 12:55PM, over 5.5 lakh shares were traded on both the stock exchanges.