Videocon to be renamed 'Value Industries'

New Delhi, Feb 11: Videocon Appliances Ltd today said its board has approved the change in the name of the company to ''Value Industries Ltd'', subject to necessary approvals.

The company in a statement said it will also look at the business of providing, executing, implementing, hiring, working as EPC Contractors, providing turnkey services for industrial activities and manufacturing, trading of all kinds of machineries, components, engineering equipments. The meeting also approved a plan to authorise the board to sell, lease, mortgage or otherwise dispose off the whole or substantially the whole of undertaking of a company up to an amount of Rs 10,000 crore, and borrow up to Rs 10,000 crore, the release added.

UNI