Wednesday, September 25, 2013

Reuters: Money News: ONGC Videsh to raise $1.5 bln in 3-4 months to fund Mozambique acquisition

Reuters: Money News
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ONGC Videsh to raise $1.5 bln in 3-4 months to fund Mozambique acquisition
Sep 25th 2013, 08:09

NEW DELHI (Reuters) - The overseas unit of state explorer Oil and Natural Gas Corp plans to raise $1.5 billion to refinance a bridge loan it had taken to buy a 10 percent stake in Mozambique's Rovuma gas field from India's Videocon group .

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