Videocon d2h files for IPO, hopes to raise Rs 700 crore

Mumbai: 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 (Rs 700 crore), according to a filing with the market regulator.

Seven banks - including UBS and 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.

Reuters