MUMBAI: The screen may have gone dark years ago, but the financial static is still getting louder. Videocon Industries’ long-running insolvency saga deepened in the quarter ended September 30, 2024, with the company reporting a net loss of Rs 2,410.44 crore, highlighting the severe financial and operational challenges it continues to face under the Corporate Insolvency…
Videocon Industries reports Q3FY25 loss, auditor issues disclaimer scanx.trade Read the original article here
Videocon Industries posted a significant loss before tax of ₹2,410.44 crore for the quarter ended September 30, 2024. Revenue from operations stood at ₹166.37 crore. Reader Takeaway: Severe financial distress continues; auditors unable to form an opinion on financials. What just happened Videocon Industries has announced its financial results for the quarter ending September 30,…
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Major gas and energy company files for bankruptcy thestreet.com Read the original article here
Disproportionate impact on public shareholders Reliance Infrastructure has expressed that the ASM framework has a disproportionate impact on its public shareholders, especially retail investors. The company said during lower-circuit periods, shareholders often struggle to exit their investments at reasonable market prices. It also noted that their holdings could lose value by a nearly fixed percentage…