By Kartik Goyal
Oct. 17 (Bloomberg) -- Oil & Natural Gas Corp., India's biggest exploration company, said the current global financial crisis won't hurt its plans to buy the U.K.'s Imperial Energy Plc.
``We have enough liquidity to do two more such transactions,'' Chairman R.S. Sharma said in New Delhi today when asked about the Imperial purchase. The company is ``not dependant'' on a $1 billion bridge loan, he said.
To contact the reporter on this story: Kartik Goyal in New Delhi at kgoyal@bloomberg.net.
Friday, October 17, 2008
ONGC Says Credit Crisis Not to Hurt Purchase of Imperial Energy
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