Videocon shares surge on Mozambique block sale plan
Videocon Chairman Venugopal Dhoot said the company was in talks with multiple potential buyers, including Oil and Natural Gas Corp Ltd, for its Rovuma gas field, confirming earlier media reports.
Dhoot says Videocon has appointed Standard Chartered Plc as an adviser for the sale.
Videocon's board had approved splitting and selling its oil and gas assets in August 2012.
Stocks More on Videocon Industries
Be the first to comment.