Daewoo, which battles bigger South Korean brands Samsung Electronics Co Ltd and LG Electronics Inc at home and abroad, posted a loss in 2005 and its no earnings forecasts are available. Daewoo Electronics is a former unit of the Daewoo Group, which collapsed in 1999 under debts totaling $80 billion.

Daewoo was placed under a debt rescheduling programme after its parent group went bankrupt in 1999 and has since streamlined its business, focusing on televisions, air conditioning units and refrigerators. Daewoo operates six plants in South Korea and 18 overseas units. It has strong presence in Poland and North American markets.

Videocon shares rose 1.5 per cent to close at Rs 414 on the Bombay Stock Exchange as the 30-share BSE Sensex closed 0.55 per cent higher.