Mozambique Gas Field

Under the head 'Divestitures', the company said it made net gains of USD 1.891 billion from sale of stakes in 2014.

Videocon rises 5% on banking foray, stake sale in gas field

Videocon sold its 10 percent stake in Mozambique gas field to state-owned ONGC Videsh and Oil India for USD 2.48 billion. Chairman Venugopal Dhoot said brazilian oil & gas assets valued at over Rs 40,000 crore and all of Mozambique proceeds would accrue to listed company.

Mozambique gas field production to commence in 2018: OVL

ONGC Videsh (OVL) and Oil India have inked a pact with Videocon Industries to buy its stake in a Mozambique gas field for USD 2.47 billion. OVL would be looking at a mix of two options to fund the deal - a part would come from ONGC's surplus cash balance and a part would come from external commercial borrowing (ECB).

4G, Mozambique stake sale, DTH IPO coming soon: Videocon

2013 may keep cash registers of Videocon ringing, as the company is all set to launch 4G services in India and sell its stake in Mozambique gas field.

Videocon soars 18% as ONGC eyeing Mozambique gas field

Shares of Videocon Industries rallied as much as 18 percent in early trade on Thursday after reports that state-owned oil & gas producer ONGC is in talks to buy its stake in Mozambique gas field.