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OVL to raise $1 billion to fund Azeri acquisition

Last Updated: Tuesday, April 02, 2013, 16:25

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), today said it aims to raise up to USD 1 billion through a dollar issue this month to fund its recent acquisition in Azerbaijan.

Cabinet Committee on Economic Affairs, ONGC Videsh,Azerbaijan

Last Updated: Thursday, January 31, 2013, 18:20

The Cabinet Committee on Economic Affairs (CCEA) Thursday approved ONGC Videsh Ltd's acquisition of stake in an Azerbaijan oilfield for USD 1.001 billion.

CCEA to consider approving OVL's $1 billion Azerbaijan acquisition

Last Updated: Thursday, January 31, 2013, 11:05

The Cabinet Committee on Economic Affairs (CCEA) is likely to consider on Thursday approving ONGC Videsh Ltd's USD 1 billion acquisition of a stake in an Azerbaijan oilfield.

CCEA to consider approving OVL's $1 bn Azerbaijan acquisition

Last Updated: Wednesday, January 30, 2013, 16:17

The Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow approving ONGC Videsh Ltd's USD 1 billion acquisition of a stake in an Azerbaijan oilfield.