Downfall: Videocon goes into IBC | M&A Critique - 0 views
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mnacritique on 08 Aug 20Around 1990 Videocon was one of the most iconic consumer electronic brands in the India. Promoters of the Videocon further diversified business of the company in Oil, Gas, Telecom Retail and DTH service. Diversified businesses of the company were capital intensive and for running the same Company borrowed huge amount of money from the financial institution. Though Company diversified into many businesses, consumer durables was largest source of revenue, but Company failed to build its brand royalty and other competitors like Samsung, LG, Sony overtook them.