Videocon Buys PlanetM From BCCL For Rs. 200 Crore

Entities Mentioned

• Times of India Group
• Videocon
• Videocon Industries
• TiE

1. Consumer durables company Videocon Industries has acquired Planet M, the music retail arm of BCCL (Times Group), for Rs 200 crore, reports Business Standard. The acquisition is by Videocon’s retail arm - NEXT. Interestingly, BCCL itself is an investor in Videocon. Planet M has 150 stores in 42 cities, and has a turnover of around Rs. 150 crore, reportedly growing at 40 percent year-on-year for the last four years; Videocon wants to push this turnover to Rs. 1000 crore by investing Rs. 500 crore, (Read Full Article)
   
   

   Related Articles

   • Indian govt plans action to meet projections of 20 million broadband connections
   • also categorized in Acquisition
   • Radio Stations: Pervasive Entertainment Everywhere
   • also mentions TiE
   • TiE - Isb Connect business plan competition
   • also categorized in Acquisition
   • Mobile Marketing Association Charter In The Works For India
   • also categorized in Acquisition
   • Big acquisitions by Indian Software companies in near future.
   • also categorized in Acquisition

   • TRAI Recommends Changes In Telecom M&A And Spectrum Allocation Rules
   • also categorized in Acquisition
   • Zee Provides Digital Content To Singtel
   • also published in contentSutra.com
   • Reliance Communications plans largest wireless network in the world
   • also categorized in Acquisition
   • Mobile VAS Co Cellebrum Plans For IPO This Fiscal
   • also categorized in Acquisition
   • Dealaajtak, another Indian deals site
   • also categorized in Acquisition

Login to comment.