Mumbai June 12 (IANS) Videocon Industries stocks plunged more than 4.90 per cent on Tuesday a day after it said that "Corporate Insolvency Resolution Process" (CIRP) has been commenced against the company.
According to the BSE data the company s scrip closed at Rs 7.56 per equity share down Rs 0.39 or 4.91 per cent from its previous close of Rs 7.95.
The company on Monday in a regulatory filing said that the National Company Law Tribunal Mumbai Bench has admitted "the reference for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of Videocon Industries...."

--IANS rv/bg