Videocon D2H Earmarks Rs 4.88 bn of IPO proceeds to buy STBs

Bharat Business Channel, the Videocon Group's direct-to-home (DTH) television service provider under the brand Videocon d2h, plans to spend Rs 4.88 billion of the Rs 7 billion it intends to raise from an initial public offering to purchase set-top-boxes (STBs) and associated equipment