Business News This Week
Oil and Natural Gas Corp (ONGC) takes over London-listed firm Imperial Energy Plc for $ 1.9 billion. ONGC takeover has been accepted by 96.8 per cent share holders, according to media reports.
The deadline for the state-owned firm's 12.50 pounds per share offer closed on Tuesday and 99,241,110 or 96.8 per cent of the shares were tendered, ONGC Videsh Ltd informed the London Stock Exchange, the media reports quote.
The deadline for the state-owned firm's 12.50 pounds per share offer closed on Tuesday and 99,241,110 or 96.8 per cent of the shares were tendered, ONGC Videsh Ltd informed the London Stock Exchange, the media reports quote.
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