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ONGC says not passive to Cairn-Vedanta transaction

ONGC has a 30% stake in Cairn India's oil block called RJ-ON-901 in Rajasthan.

ONGC says not passive to Cairn-Vedanta transaction

The state-run explorer Oil and Natural Gas Corp is "not passive" to  Vedanta Resources' up to $9.6-billion offer to take control of Cairn India, its chairman RS Sharma said on Thursday.        

ONGC has a 30% stake in Cairn India's oil block called RJ-ON-901 in Rajasthan.                                           

India's trade minister said last month ONGC should have a say in the deal. 

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