BPCL paid up for defaulting partner Videocon to defend Brazilian JV, says CMD

Divestment-bound Bharat Petroleum on Monday defended it paying USD 54 million on behalf of its bankrupt partner Videocon group in its Brazilian joint venture, saying it was to defend the asset and to follow the law of the land and that the move has increased its stake in the JV …

Read moreBPCL paid up for defaulting partner Videocon to defend Brazilian JV, says CMD