ONGC and GAIL are planning to outbid Royal Dutch Shell and Thailand's PTTEP with a $2Bn offer for UK's Cove Energy.
Royal Dutch Shell has offered to buy Cove Energy Plc for $1.6Bn. Shell is offering 195 pence for each Cove share, read this.
Cove put itself up for sale last month after reporting one of the world’s largest gas discoveries in a decade off Mozambique. Standard Chartered Bank and Cenkos Securities Plc are advising Cove on the sale.
The clinical-stage specialty bio-pharmaceutical company Vyome Biosciences Private Limited has raises $14 million in Series-C financing round. The financing round was led by a prominent New York based life sciences fund Perceptive Advisors. Apart from that the funding round saw participation of a Boston-based venture capital Romulus Capital along with existing investors.