Gandhinagar/IBNS, Dec. 20 -- Bank of Baroda (Bank), acting as the Sole Mandated Lead Arranger, has underwritten a USD 500 million 5-Year Foreign Currency Term Loan Facility to OVL Overseas IFSC Limited (OOIL), a GIFT City registered wholly owned subsidiary of ONGC Videsh Limited (OVL).

The Drawdown Ceremony for the term loan facility was held at the Bank of Baroda IFSC Banking Unit in GIFT City, in the presence of senior dignitaries from Bank of Baroda and ONGC Videsh Limited.

Anupam Agarwal, Director (Finance), ONGC Videsh Limited said, "As a true multinational entity with a global operational footprint, ONGC Videsh views GIFT City as a critical enabler of our growth strategy. We have established OVL Overseas IFSC Limited (OOIL) as a c...