The board of Videocon Industries has approved issue of equity shares, on preferential basis to an independent non-promoter investor for an amount not exceeding Rs 45.00 Crores, subject to necessary approval of members and other authorities, statutory or otherwise.

The board has also approved issue of equity shares, on rights basis, for an amount not exceeding Rs 1,200.00 Crore.

This was approved at the board meeting held on 31 October 2009.