M&A

M&A

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

Economic Times Print Edition  

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.