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Any counterbid on Imperial to come in next 45 days: ONGC
Published on Mon, Sep 01, 2008 at 09:16 | Updated at Mon, Sep 01, 2008 at 19:09 | Source : CNBC-TV18
ONGC Chairman RS Sharma has said that any counterbid is likely to come in the next 45 days.
RS Sharma, Chairman, ONGC said, "If this transaction materialises, then it will be an important step in ONGC Videsh Limited, OVL's mandate to acquire assets abroad. It will increase our foothold in the area and will be strategically beneficial as well."
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