Business How Videocon fell from grace and into insolvency Updated : June 14, 2018 10:53 AM IST Despite the diversification, consumer durables was still the largest contributor to Videocon's top line. In November 2016, Videocon Industries Ltd merged its DTH service business with Dish TV. The company also sold a 10% stake in a gas field off Mozambique to state-owned Oil and Natural Gas Corp. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.