Wednesday, December 23, 2020

Banks expect to recover Rs 12K cr from sale of Videocon's oil blocks in Brazil

Bankers are expecting to recover as much as Rs 12,000 crore or $1.6 billion from the sale of Videocon’s Brazil oil blocks after a spurt in oil prices resulted in a boost in the valuation of the assets, according to people in the know.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-expect-to-recover-rs-12k-cr-from-sale-of-videocons-oil-blocks-in-brazil/articleshow/79932991.cms

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