Videocon set to acquire Datsons Labs for Rs. 350 cr.

Videocon Industries is set to acquire Dr Datsons Labs Ltd. (DTL) at an enterprise value of Rs. 350 crore. Sources said negotiations in this regard were in advanced stages and a deal might be signed soon.

'We are in talks with a couple of merchant bankers for a possible sale. At the same time, we are also evaluating other options, including investments into the company, to meet our proposed capital expenditure plan for expansion projects. Soon, we will be finalising the name of the merchant banker for a possible stake sale,' said DTL Vice-chairman Kannan Vishwanath.

BS