Vedanta entity, ONGC Videsh, others in race for Videocon's oil exploration arm VOVL

The resolution professional of VOVL, the oil and gas exploration company of Videocon Industries, has received over a dozen Expressions of Interest (EoI) from a Vedanta-entity, ONGC Videsh, Singapore's Saiml Pte Ltd and two applications from Brazil's oil explorers Petro Rio and Geneva. Other EoI applicants include Eight Capital, Dubai-based Citax Holding, Zinnia Fund, Murphy Worldwide, CFM ARC and Prudent ARC. A binding bid is invited by Jan 15.