ONGC-OIL-GAIL may bid to counter Vedanta's offer for Cairn
PUBLISHED ON: August 23, 2010 | Duration: 2 min, 48 sec
State-owned ONGC, OIL and GAIL may make a joint bid to counter Vedanta Resources' $8.48 billion offer for majority stake in Cairn India, and have already got $10 billion in loan commitments from international banks for the move.
