Indian players stand by Gulfsands bid

Indian Oil Corporation and Oil India are not planning to raise their $570 million takeover bid for Gulfsands Petroleum, which the UK-listed explorer rejected as inadequate.

Takeover target: Indian players say they are still interested in Gulfsands.
Takeover target: Indian players say they are still interested in Gulfsands.
Published 23 March 2010, 19:50Updated 11 October 2016, 09:42
Asia & Oceania