Videocon surges on Mozambique block sale plan
Feb 21 2013 , Mumbai
Videocon Chairman Venugopal Dhoot tells a TV news channel the company was in talks with multiple potential buyers, including Oil and Natural Gas Corp Ltd, for its Rovuma gas field, confirming earlier media reports.
Dhoot says Videocon has appointed Standard Chartered Plc as an adviser for the sale.
Videocon's board had approved splitting and selling its oil and gas assets in August 2012.