ONGC bidding for Imperial Energy
August 22nd, 2008
Friday, August 22, 2008 1:17:18 PM IST
Business press is reporting of a news of ONGC (BSE Script Name: ONG CORP LTD; Script Code: 500312) is taking lead in the bid to buy the London-based Oil exploration and production company Imperial Energy (LON:IEC). ONGC through its subsidy ONGC Videsh Ltd is attempting to bid in full after getting the approval from the Government of India. Sources say ONGC is ahead of China’s Sinopec and KNOC of Korea which are competing in the bid.
ONGC Share price movement
52-week high: Rs. 1386.90
52-week low: Rs. 777.15
ONGC is trading at Rs. 1017.50 a share - Up by 8.60 or 0.85%
Its peers Indian Oil is at Rs. 394.65 down 16.05 or 3.91%
HPCL is at Rs. 198.50 down Rs. 6.00 or 2.93%
Reliance Industries is at 2256.15 up Rs. 43.83 or 1.98%
Reliance Petroleum is at Rs. 160.25 up Rs. 2.5 or 1.68%
Entry Filed under: Equity Markets, Oil & Petro Chemicals
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>