Videocon Industries is trading higher by 2% at Rs 182 after the company said it has completed the sale of its entire stake in a giant gas field off Mozambique to ONGC Videsh and Oil India.
Videocon Mozambique Rovuma 1 held a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1).
Videocon Industries continues to hold through its Cayman Island based subsidiary Videocon Hydrocarbon Holdings oil and gas assets in Brazil, Indonesia, East Timor and Australia, the company said in a BSE filing.
The stock opened at Rs 182 and touched high of Rs 185 on the NSE. A combined 195,000 shares have changed hands on the counter so far on the BSE and NSE.
Videocon Mozambique Rovuma 1 held a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1).
Videocon Industries continues to hold through its Cayman Island based subsidiary Videocon Hydrocarbon Holdings oil and gas assets in Brazil, Indonesia, East Timor and Australia, the company said in a BSE filing.
The stock opened at Rs 182 and touched high of Rs 185 on the NSE. A combined 195,000 shares have changed hands on the counter so far on the BSE and NSE.
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