BLOOMBERG : Source:
• IVRCL briefed FIIs, MFs on Essel Group's stake buy in co
• Essel Group acquired 10.19% stake in IVRCL via open mkt
• FII, MF assure support to IVRCL if Essel makes hostile bid
• Promoters own 11.18% stake in IVRCL; MFs, FIIs 42.51%
BLOOMBERG il India CMD :
• To start drilling onland block in KG basin in Sep
• Plans to drill 6 wells in KG basin block in 2 yrs
• To start drilling in Mizoram block in Sep-Oct
• To drill 5-6 wells in Mizoram block over 2 yrs
• Seismic study at Mizoram block encouraging
• Asked govt to adjust crude cess hike with subsidy
• Expressed interest to buy Reliance Gas Transport
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