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    ONGC, Oil India to buy 5% stake each in IOC at Rs 220/share

    ONGC will have to shell out a little more than Rs 2,500 crore. Sudhir Vasudeva, former ONGC chairman does not see strain on cash positions on balance sheet post the buy. He believes ONGC will be able to enter FY15 with comfortable cash positions.

    first published: Mar 6, 2014 01:40 pm

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