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Videocon d2h Files For Up To $113 Million IPOs

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Videocon d2h Ltd, the satellite television arm of the Videocon Group, has filed for an initial public offering to raise up to Rs 700 crore ($113.30 million), 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)


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