I believe that this will be vital for India’s energy sector in India as having a presence in both upstream and downstream will help us to deal with the volatility in crude oil prices in a better way.
Will your focus on petrochemical sector be getting a boost?
We are now not into petrochemicals. Only recently we have set up a new department for petrochemicals. The deal will be a substantial gain for both the companies
in the petrochemical portfolio as further consolidation can happen in this regard.
What is your take on the pricing of the deal?
Pricing is something that has to be discussed between the buyer and the seller. They must have done their due diligence before the deal. Hence it is not fair from my side to comment on that. From my end, we may not require any approval now and it is upon ONGC to take shareholder approval if required.