Videocon Industries

Videocon Leasing & Industrial Finance Limited, was
 incorporated on 4th September, 1986 as Adhigam Trading
 Private Limited.  In terms of the necessary resolutions
 passed under Sec. 21 of the Companies Act, 1956, the name
 of the Company was changed to Videocon Leasing & Industrial
 Finance Limited on 14th February, 1991.  The Company
 received a fresh certificate of incorporation from the
 Registrar of Companies, Gujarat at Ahmedabad on 14th
 February, 1991.
 
 Adhigam Trading Pvt.  Ltd. (ATPL) was promoted by Mr
 Indrakant T. Parikh and Naishad I. Parikh in September,
 1986 as a private limited company and was initially engaged
 in the business of trading in paper tubes. In September,
 1988 the Company decided to diversify in the business of
 lease financing, hire purchase and investment activities.
 
 The Management of the Company underwent a change in the
 year 1990-91 by way of transfer of equity shares to the
 Videocon Group.  1,00,000 Equity Shares of Rs. 10/- each of
 Adhigam Trading Private Limited were purchased by the
 Videocon Group at a premium of Rs. 3/- per share in April,
 1991.  The total consideration of Rs. 13 Lakhs was paid by
 cheques.
 
 THE COMPANY & THE VIDEOCON GROUP
 
 As detailed earlier, during the initial years the Companies
 in the Videocon Group had placed business with VLIF leading
 to growth in its lease financing activities.  The group
 companies have increased the fund base of the Company by
 infusing funds in form of share capital and unsecured
 loans. As detailed in the Capital Structure, the promoters
 currently hold 75% of the paid up capital of the Company.
 The composition of promoters holding is Videocon
 International Limited 14,90,000 Shares (13.1% of VLIF's
 Capital), Videocon Appliances Limited 12,500 Shares (0.1%
 of VLIF's Capital), the Dhoot Family and their friends &
 associates 70,10,000 Shares (61.8% of VLIF's Capital).  As
 detailed earlier, the post issue holding would be of the
 order of 25.50% of the post issue capital of Rs. 33.375
 Crores (assuming that all the OCDs are converted @ Rs.
 150/- per Share and Equity Shares are issued against all
 the outstanding warrants).
 
 
 2005
 
 -Videocon acquires entire stake of Electrolux India on July 07, 2005
 
 -ideocon Industries Ltd has informed that the Company has completed
 placement of 94,10,145 Global Depository Receipts (GDRs) at the price
 of US$ 10 per GDR, aggregating to US$ 94.10 million on Private
 Placement Basis to AB Electrolux (Publ). Each GDR represents one
 underlying equity share of the Company.
 
 -Videocon takes over Hyundai Electronics