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

SEBI Streamlines Process For Grant Of Investor Accreditation Under AIF Regime

SEBI Streamlines Process For Grant Of Investor Accreditation Under AIF Regime

Silver Rebounds Nearly 3 Per Cent To ₹2.5 Lakh Per Kg; Gold Rises On Global Risk Concerns

Silver Rebounds Nearly 3 Per Cent To ₹2.5 Lakh Per Kg; Gold Rises On Global Risk Concerns

India Still Keen On US Trade Deal, MEA Rejects Commerce Secretary Lutnick’s Remarks | VIDEO

India Still Keen On US Trade Deal, MEA Rejects Commerce Secretary Lutnick’s Remarks | VIDEO

SEBI Eases Technical Glitch Framework For Stock Brokers

SEBI Eases Technical Glitch Framework For Stock Brokers

Mutual Fund Data For December Signals Maturing Investor Base: Analysts

Mutual Fund Data For December Signals Maturing Investor Base: Analysts