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BPCL agrees to match Brazilian companies’ bids for two VOVL Oil assets – EQ Mag
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BPCL agrees to match Brazilian companies’ bids for two VOVL Oil assets – EQ Mag

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Bharat Petroleum Corp (BPCL) consented to match offers given by Brazilian companies for two separate oil basins of VOVL, the oil and gas exploration company of Videocon Industries, said two people aware of the development.

Lenders of VOVL, which is undergoing corporate insolvency, will start to vote on the BPCL plan on Monday, the people said. Most lenders are likely to vote in favour of BPCL’s plan, one of the persons cited above said…Read More…

Source: PTI

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Anand Gupta Editor - EQ Int'l Media Network
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