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ONGC-OIL-GAIL may bid to counter Vedanta's offer for Cairn

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  • Published On: August 23, 2010
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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.

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