Videocon Industries and Bharat PetroResources (BPRL), via their Indonesian subsidiaries— Videocon Indonesia Nunukan Inc and BPPL Ventures Indonesia B.V— have bought a 12.5 per cent stake each in Anadarko Indonesia Nunukan Company.
The companies have made a capital outlay of $11.13 million each. Videocon, in a filing to the BSE, said the deal will help it strengthen its operation in oil and natural gas exploration and production in Indonesia.
