ONGC pays $2.4 bn to Videocon Group

ONGC pays $2.4 bn to Videocon Group

FPJ BureauUpdated: Saturday, June 01, 2019, 04:49 PM IST
article-image

New Delhi : State-owned Oil and Natural Gas Corp and Oil India Ltd paid USD 2.475 billion to Videocon Group for acquiring 10 per cent stake in a giant gas field off Mozambique.

Additionally, OVL bought US energy major Anadarko Petroleum’s 10 per cent stake in the same block for USD 2.64 billion.

RECENT STORIES

FLY91 Launches Daily Kochi–Agatti Flights, Announces Expansion To 7 New Regional Stations
FLY91 Launches Daily Kochi–Agatti Flights, Announces Expansion To 7 New Regional Stations
Gold Breaches ₹1.5 Lakh Per 10 Grams Mark; Silver Surges To Record ₹3.23 Lakh Per Kg
Gold Breaches ₹1.5 Lakh Per 10 Grams Mark; Silver Surges To Record ₹3.23 Lakh Per Kg
Investors’ Wealth Erodes By ₹9.86 Lakh Crore As Stock Markets Tumble
Investors’ Wealth Erodes By ₹9.86 Lakh Crore As Stock Markets Tumble
Canada–China Trade Deal Ill-Timed And One-Sided Amid Unresolved Disputes: Report
Canada–China Trade Deal Ill-Timed And One-Sided Amid Unresolved Disputes: Report
Concept Medical Launches Global Trial On Next-Gen Drug-Eluting Stent
Concept Medical Launches Global Trial On Next-Gen Drug-Eluting Stent