GOOD GROWTH IN CONSUMER ELECTRONICS SECTOR

Article Abstract:

The consumer electronics sector which includes television has recorded good growth in 1997-98 according to the Consumer Electronics and Television Manufacturers Association (CETMA). Colour television segment has recorded a growth of 25 percent, audio equipment 10 percent, video cassette recorders (VCR) and video cassette players (VCPs) five percent. The sale of clocks increased by 22 percent, watches by 20 percent and washing machines by eight percent. The industry plans to strive for better growth in 1998-99. (uh)

Comment:

India: Consumer electronics sector records good growth in 1997-98

Sales & consumption

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THOMSON RAISES STAKE IN INDIAN JV TO 86%

Article Abstract:

Thomson Consumer Electronics of France, a colour television manufacturer, has raised its stake in its Indian joint venture through Thomson Multimedia Asia Pvt Limited (TMAL). TMAL now holds a 86 percent stake in the joint venture as compared to 51 percent held earlier. The Reddys, the Indian promoter of the joint venture, has offered preferential shares worth Rs50 crore to TMAL. The Indian joint venture now has a paid up capital of Rs70 crore. The Foreign Investment Promotion Board has approved the move. (ag)(m)

Comment:

Thomson Consumer Electronics of France, a colour television manufacturer, has raised its stake in its Indian joint venture through Thomson Multimedia Asia Pvt Limited (TMAL).

Acquisitions & mergers, France, Household audio and video equipment, Thomson Consumer Electronics S.A., Thomson Multimedia Asia Pvt Ltd.

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THOMSON TO HIKE STAKE IN INDIAN ARM

Article Abstract:

Thomson Multimedia is increasing its holding in Thomson Consumer Electronics Ltd (TCEL), its Indian subsidiary. Thomson Multimedia which holds 51 percent stake in TCEL. The parent company proposes to infuse Rs150crore-Rs250 crore into TCEL over a three year period. The funds are expected to meet the working capital needs of TCEL. Thomson Multimedia plans to invest Rs50 crore in TCEL during 1998. TCEL has an equity base of Rs20 crore. (ag)

Comment:

Is increasing holding in Thomson Consumer Electronics from current 51% stake

Parent-to-subsidiary activities, Subsidiary-to-parent activities, Thomson S.A., Thomson Consumer Electronics Ltd.

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