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.
Listed on the NSE-SME Emerge Platform since November last year, Neopolitan Pizza Limited, a Gujarat based QSR chain, is planning to raise R20 Cr from VC and PE investors. It is also in talks to sell 10% stake to Canadian company Batteries & Gadgets for an undisclosed sum. The deal exptected to be close in three to four months.