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
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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.

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