Videocon Industries' (VIL) lenders will eventually take 50-55% haircut and not 95%, the company's former CFO Rajneesh Gupta claimed. "The said investment of VIL in oil and gas assets, which [is] worth around ₹15,000 crore, isn't forming part of the acquisition by Vedanta group," he added. Recently, NCLAT had stayed Vedanta Group firm's bid to takeover VIL for ₹2,962 crore.