VoVL’s lenders vote in favour of resolution plan by BPCL
Lenders of VoVL, the oil and gas exploration company of Videocon Industries, almost unanimously voted for a resolution plan given by Bharat Petroleum Corp (BPCL), said people aware of the development.
VoVL, undergoing insolvency proceedings, received 99.96% votes in favour of a proposal to sell the company to the state-owned BPCL.
