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BPCL subsidiary gets NCLT nod to take over Videocon OilBharat PetroResources secured the acquisition of Videocon Oil Ventures by matching offers and paying upfront, resulting in minimal creditor...- NCLT approves BPCL subsidiaries acquisiton of VoVL"The argument raised...that ROFR acts against there being a level playing field is equally fallacious. Being fully aware of the ROFR availb...
- VoVL’s lenders vote in favour of resolution plan by BPCLThe resolution professional will submit the plan to the National Company Law Tribunal (NCLT) for approval. The resolution of VoVL will be a...
- BPCL agrees to match Brazilian companies' bids for two VOVL Oil assetsBPCL's subsidiary BPRL Ventures BV had entered into a 50:50 joint venture with Videocon's subsidiary Videocon Energy Brazil for oil and gas...
- VoVL lenders green light sale of oil basins to two Brazil firms, with a riderBrazilian gas operators Eneva S A and PetroRio have been approved to buy two and one oil basins, respectively, from oil and gas exploration...
- NARCL plans improved Rs 1,200-cr offer for Videocon Oil and VenturesLenders rejected NARCL's ₹860-crore offer in mid-November because it was very low. At a meeting in December between the lenders and NARCL, ...
- With an ₹860 crore VOVL bid, NARCL eyes the single-largest debt buyout by any ARCNARCL's offer has an 15:85 structure - 15% of the consideration will be upfront cash while the balance will be in security receipts (SRs) p...
- VOVL gets 4 bids, top offer less than 10% of claimsEneva Brazil has given the highest offer of ₹2,800 crore, or the equivalent of $350 million, which is about 9% of claims, one of the person...
- ONGC Videsh, Prudent ARC make binding offers for Venugopal Dhoot's VOVLLenders led by the State Bank of India are hoping to recover at least one-third of loans or ₹9,000 crore-₹10,000 crore given to VOVL, earli...
- Vedanta entity, OVL among companies in race for Videocon Oil & Gas CoOther EoI applicants include Eight Capital, Dubai-based Citax Holding, Zinnia Fund, Murphy Worldwide, CFM Asset Reconstruction Company and ...
- ONGC agrees to join Videocon arm resolution on lenders' callThe RP has received two binding bids --- from Petro Rio SA of Brazil and Geneva SA of Brazil --- and these bids will be opened along with t...
- Banks expect to recover Rs 12K cr from sale of Videocon's oil blocks in BrazilBankers are expecting to recover as much as Rs 12,000 crore or $1.6 billion from the sale of Videocon’s Brazil oil blocks after a spurt in ...
- Vedanta, Murphy, others in race for $1 billion stake in Brazil oil blocksThe banks have issued requests for proposal to the potential bidders after they put in expressions of interest. All four are carrying out d...
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