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OVL to raise $900-m loan to finance Vankor buy
NEW DELHI: ONGC Videsh Ltd will raise a bridge loan of close to $900 million (₹6,000 crore) overseas to fund the acquisition of an additional 11% stake in Rosneft‘s
Published on: Oct 12, 2016, 11:50:33 IST
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NEW DELHI: ONGC Videsh Ltd will raise a bridge loan of close to $900 million (₹6,000 crore) overseas to fund the acquisition of an additional 11% stake in Rosneft‘s Vankor oilfield. OVL has received approval to raise stake in Russia’s second-biggest oilfield to 26% for $930 million.
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