Videocon studying GE's appliance business for probable bid
Videocon, which is present in various sectors, today said it is studying General Electric's invitation for bid for its appliances division, which is being put on the block.
By PTI |
NEW DELHI: Videocon, which is present in various sectors, today said it is studying General Electric's invitation for bid for its appliances division, which is being put on the block.
"We have received a memorandum from GE and are studying the proposal," Videocon Industries Chairman and Managing Director Venugopal Dhoot said on the sidelines of a conference here.
Dhoot, however, declined to give a timeline by when he would be responding to proposal.
"Globally, we are very well known for acquiring the companies, so wherever there is any company for sale they generally send us the memorandum," he added.
The US giants appliance business makes refrigerators, air-conditioners and ovens.
"We have received a memorandum from GE and are studying the proposal," Videocon Industries Chairman and Managing Director Venugopal Dhoot said on the sidelines of a conference here.
Dhoot, however, declined to give a timeline by when he would be responding to proposal.
"Globally, we are very well known for acquiring the companies, so wherever there is any company for sale they generally send us the memorandum," he added.
The US giants appliance business makes refrigerators, air-conditioners and ovens.
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