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Videocon rallies 9 per cent on gas field deal


Shares in Videocon Industries rallied 9 per cent on reports that ONGC would pick a stake in the company's Mozambique gas field.

Shares of the company were last traded at Rs 208.65, up 9 per cent.

According to news reports ONGC Videsh Ltd, an arm ONGC is in talks to buy the Videocon stake at $3 billion.

Read more about: videocon
Story first published: Thursday, February 21, 2013, 11:12 [IST]
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