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Bpcl: The resolution professional will submit the plan to the National Company Law Tribunal (NCLT) for approval. The resolution of VoVL will be among the top bigticket cross-border insolvency resolutions, said people cited above. The assets of VoVL — mainly the oil exploration blocks — are in Brazil while the sale process was conducted in India.
The resolution professional will submit the plan to the National Company Law Tribunal (NCLT) for approval. The resolution of VoVL will be among the top bigticket cross-border insolvency resolutions, said people cited above. The assets of VoVL — mainly the oil exploration blocks — are in Brazil while the sale process was conducted in India.
BPCL has agreed to match the offers made by Brazilian entities for VOVL’s two oil basins, reported the Economic Times, citing sources.
From Carmo Energy, Petrobras (PBR) will receive a $275-million down payment, a sum of $550 million at the transaction's conclusion and another $275 million a year after the sale is...