Vedanta entity, OVL among companies in race for Videocon Oil & Gas Co
The resolution professional of VOVL, the oil and gas exploration company of Videocon Industries, received over a dozen expressions of interest (EoI) from a Vedanta NSE 3.62 % entity, ONGC Videsh, Singapore’s Saiml Pte Ltd and two separate applications from Brazil-based oil explorers Petro Rio SA and Geneva SA, people aware of the matter, said.
Other EoI applicants include Eight Capital, Dubai-based Citax Holding, Zinnia Fund, Murphy Worldwide, CFM Asset Reconstruction Company and Prudent ARC, the sources said.
