What to watch. Videocon pares stake in Prime Securities

Videocon has been offloading shares of Prime Securities. According to bulk deal data on the BSE, Videocon on Wednesday sold 2.76 lakh shares of the diversified, investment banking and corporate advisory services firm. On Tuesday, it had offloaded 5.85 lakh shares of Prime Securities. At the end of June 2016, Videocon was holding 17.62 lakh shares (or 6.66 per cent in stake) in the company. Shares of Prime Securities may react adversely, if Videocon resorts to heavy selling.