ONGC Videsh, Prudent ARC make binding offers for Venugopal Dhoot's VOVL

Lenders 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, earlier known as Videocon Oil Ventures. The resolution professional Pravin Navandar has admitted ₹30,640 crore claims from financial creditors. VOVL has about ₹1,800 crore-₹2,000 crore as cash balance.


via Economictimes

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