ONGC Videsh-Oil India complete acquisition of Videocon stake

ONGC Videsh Ltd and Oil India Ltd have completed the acquisition of Videocon Group's 10 per cent stake in a giant Mozambique gas field for $2.475 billion, the companies said on Wednesday. OVL, the......

OVL-OIL to buy Videocon's 10% in Mozambique field

ONGC Videsh Ltd and Oil India Ltd will buy Videocon Industries' 10 per cent stake in a giant Mozambique gas field for $2.475 billion. The acquisition of the stake in Mozambique's offshore Area 1,......

OVL-OIL offers $5 bn for 20% in Africa gas field

After buying ConocoPhillips’ 8.4 per cent stake in a Kazakhstan oil field for $5 billion last year, ONGC Videsh Ltd and its partner Oil India Ltd have closed in on another energy asset in......

How Videocon plans to cut debt

The Videocon group has planned to retire a substantial portion of its Rs 29,000-crore (Rs 290-billion) debt from the proceeds of the sale of its 10 per cent stake in a Mozambique gasfield, which......