Who are the bidders for the Videocon group now?
Answer
Answer
Answer
Adani group and Jindal Power have expressed interest to buy Videocon's consumer durable business. This was put up on sale for the second time by its lenders after Videocon was referred to NCLT with outstanding debts of Rs.64,000 crore. Earlier Vedanta offered 95% haircut, bidding Rs.3,000 crore, which was not acceptable. RIL will be bidding for oil and gas assets of Videocon.