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| Exchange Disseminated Time | With reference to the news item appearing in a leading financial daily titled "Videocon sends buyout card to Archies' owners", Archies Ltd has clarified to BSE that the Company have had no talks with Videocon Group for any kind of a buyout or strategic control stake sale.
The Company requires funds for its expansion plans and for this purpose is looking into various options of fund raising such as debt finance and equity participation. However there is no plan of promoters to sell their controlling stake. |
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