Videocon Industries Ltd has informed BSE that the Company has decided to issue 15,700,000 Global Depository Receipts amounting to US$ 45.216 million ('GDR') representing 15,700,000 equity shares at a price of US$ 2.88 per GDR, equivalent to approximately Rs. 181.61 per equity share, to LLIC S.a.r.l., on a private placement basis.
Application will be made for the GDRs to be listed on the Luxembourg Stock Exchange.
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