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

UK Flags Safety Concern After Air India Dreamliner Incident
UK Flags Safety Concern After Air India Dreamliner Incident
How Deepak Parekh & HDFC Pioneered Home Loans In India
How Deepak Parekh & HDFC Pioneered Home Loans In India
RVNL Q3 Revenue Rises To ₹4,684 Cr From ₹4,567 Cr, EBITDA Falls To ₹221 Cr From ₹239 Cr
RVNL Q3 Revenue Rises To ₹4,684 Cr From ₹4,567 Cr, EBITDA Falls To ₹221 Cr From ₹239 Cr
Hindustan Copper Q3 Profit Jumps To ₹156 Cr From ₹63 Cr, Income Rises To ₹687 Cr From ₹328...
Hindustan Copper Q3 Profit Jumps To ₹156 Cr From ₹63 Cr, Income Rises To ₹687 Cr From ₹328...
Rupee Rises 14 Paise To Close At 90.33 Against US Dollar
Rupee Rises 14 Paise To Close At 90.33 Against US Dollar