OVL raises $1.2-bn foreign loans to buy Russia's Vankor stake
ONGC Videsh Ltd has taken a bridge loan of USD 1.2 billion from a group of foreign banks at a highly competitive rate of about 1.3 per cent to fund its acquisition of 15 per cent stake in Russia's second biggest oil field of Vankor.
May 20, 2016, 15:29 PM ISTONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn
ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.
Sep 04, 2015, 10:59 AM IST