Royal Dutch Shell Plc has made an agreed 992.4 million pounds bid for Mozambique-focused Cove Energy. Venugopal Dhoot, chairman and managing director of Videocon says, the company doesn’t have any plan to sell this Mozambique asset at such a low price.
Industrial output numbers for June has beaten street expectations coming in at 8.8%. However, the growth of 1.3% in consumer durables is very poor compared to 5.2% the last month.
In an interview with CNBC-TV18, Venugopal Dhoot, CMD, Videocon said the company’s board of directors has made a committee and that committee will take a decision on demerger. He expects the decision to take place in the next quarter.
Venugopal Dhoot, CMD of Videocon, in an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, spoke how the IIP numbers would affect his company and what are their growth prospects going forward.