ONGC rules out counter-bid for Cairn India

  • 2:18
  • Published On: September 23, 2010
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ONGC has ruled out making a bid for the local arm of Britain's Cairn Energy to counter a rival offer by mining group Vedanta. "The counter offer date is gone. We made a conscious decision not to make a counter bid. We have done a very thorough evaluation," said ONGC chairman R S Sharma.

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