Page 3 - Videocon Industries

Sebi fines 8 entities for fraudulent trade in shares of Videocon Industries

Markets regulator Sebi on Monday penalised eight entities for fraudulent trading in shares of Videocon Industries Ltd. The entities are Acuity Merchants Pvt Ltd, Godavari Commercial services Pvt Ltd, Kaberi Goods Pvt Ltd, Invorex Vincom Pvt. Ltd, Coastal Fertilisers Ltd, Akansha Commodities Pvt Ltd, Messrs Agarwal Holdings and Superdeal Fincom Pvt Ltd. These are facing a fine of Rs 16 lakh, payable jointly and severally, for violation of Prohibition of Fraudulent and Unfair Trade Practices norms. The order follows an investigation conducted between April-September 2017. The probe found that these connected entities were trading on NSE and BSE during the investigation period and entered into reversal and synchronized trades. "By entering into synchronized trades in BSE and NSE, the Noticees had created a misleading appearance of trading in the scrip and generated artificial volume in the scrip," Sebi said. It further found that they had indulged in reversing their trades among ..

Videocon insolvency: Lenders make U-turn, approach NCLAT for fresh bids

Billionaire Anil Agarwal's Twin-Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, which was 4.15% of the admitted claims of Rs 64,838.63 cr of lenders

Sebi penalises 2 Videocon promoter cos for violating insider trading norms

The entities have violated Prohibition of Insider Trading (PIT) norms, according to two separate orders

Videocon Industries case: NCLAT adjourns hearing till September 20

NCLAT on Tuesday adjourned till September 20 the hearing on a batch of petitions challenging the approval for the takeover of bankrupt-Videocon Industries by Anil Agarwal's Twin Star Technologies

Vedanta's acquisition of Videocon assets may get derailed after NCLT order

Lenders in a bind as NCLT orders attachment of company and promoter assets

NCLT Mumbai orders freeze of Videocon group promoters' assets

It has directed the erstwhile promoters of Videocon group to disclose in an affidavit their moveable and immovable properties/assets

SC provides temporary relief to Airtel over Videocon's AGR dues

SC directs DoT that it shall not invoke Airtel's Bank Guarantees for 3 weeks

IFCI moves NCLT against Videocon debt resolution, wants oil assets included

IFCI, Sidbi and Bank of Maharashtra have also filed an appeal in the NCLAT against VIL's debt resolution, saying recovery is miniscule and it makes no sense to accept a 96% haircut

Videocon's Venugopal Dhoot moves NCLAT against Deloitte, CoC and Vedanta

Videocon sold at a huge discount to Vedanta, says Dhoot

Bankruptcy award: Why Videocon's oil & gas biz could come into focus

Why the group's oil and gas business could come into focus in the controversy over the bankruptcy award

Videocon lenders to eventually take only 50-55% haircut, says former CFO

While Anil Agarwal-led Vedanta Group has picked up Videocon Industries for Rs 2,962 crore, the bids for overseas assets are yet to be decided.

NCLAT stays NCLT's nod to Twinstar's resolution plan for Videocon Group

Development follows an appeal by Bank of Maharashtra, a dissenting creditors. Matter is slated to be heard on September 9

Top headlines: Vedanta bids for Videocon's assets; QoQ profit to take knock

Business Standard brings to you the top headlines on Monday

Vedanta among 11 bidders vying for Videocon's Brazil assets worth $2 bn

If sale is successful, lenders will get Rs 15,000 cr more from Videocon's debt resolution, taking their recovery to over 40%

Videocon Industries financial creditors to get 8% stake in merged entity

The financial creditors of the debt-ridden Videocon Industries will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan

Total haircut of 95.85% to all the creditors in Videocon resolution plan

VIL shares have been rising on the exchanges for the past few days after the announcement of Anil Agarwal's resolution plan.

Vedanta arm is paying almost nothing for Videocon group, says NCLT

Expresses surprise that Twin Star's bid was so close to liquidation value

Videocon to give Anil Agarwal's group majority stake in Ravva oilfield

Billionaire Anil Agarwal's metals-to-oil group said it will make an upfront payment of almost USD 40 million for the acquisition of Videocon Industries Ltd it will become largest shareholder.

NCLT clears Videocon sale to Vedanta group firm Twinstar Technologies

Twinstar had offered to pay Rs 2,962 crore to the lenders of Videocon Industries which was saddled with debt of Rs 46,000 crore

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL

The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default