Videocon's executive director Saurabh Pradipkumar Dhoot says the capital raised is more than enough to support its growth and capital expenditure plans for the next few years. He expects the company to be cash and PAT positive by the end of this year.
Speaking to CNBC-TV18, Venugopal Dhoot, MD, Videocon said the d2h segment is being listed at a premium of 15-16 percent. The EBITDA of the company currently stands at USD 96 million. A revenue growth of more than 20 percent is expected from Videocon d2h.
Silver Eagle will own between 33.5 percent and 38.6 percent of Videocon d2h. The deal will result in the listing of the Indian company in the United States.