In the Capital Market

VIDEOCON INTERNATIONAL, manufacturers of VIDEOCON brand of TV sets and washing machines is entering the capital market on May 16. The com-pany has received consent to issue 15,00,000,12.5 per cent secured fully con-vertible debentures of Rs 200 each and 6,00,000, 14 per cent non-convertible debentures of Rs 100 each. Of the total convertible debentures issue, 6,25,000 debentures are issued on rights basis to Videocon shareholders.