GAIL India and ONGC Videsh are planning a joint bid to acquire UK-based Cove Energy in a deal worth over $1.visual_editor billion, according to media reports on Monday, after the company put itself up for sale earlier this month. GAIL India and ONGC Videsh are jointly the second Indian party inside a week to show an interest in Cove Energy after state-owned energy company, Oil India, was said to be considering a bid in the media last week.
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