{"id":522017,"date":"2022-09-15T10:38:24","date_gmt":"2022-09-15T05:08:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=522017"},"modified":"2022-09-15T10:38:24","modified_gmt":"2022-09-15T05:08:24","slug":"jbf-petro-other-bidders-get-chance-to-match-gails-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jbf-petro-other-bidders-get-chance-to-match-gails-offer\/","title":{"rendered":"JBF Petro: Other bidders get chance to match GAIL&#8217;s offer"},"content":{"rendered":"<p>Mumbai: Lenders to the insolvent JBF Petrochemicals have given the second and third highest bidders until September 17 to match or beat GAIL NSE 0.38 %&#8217;s leading bid to take over the company.<\/p>\n<p>In a meeting on Tuesday, lenders have told the two bidders &#8211; a consortium of Oil and Natural Gas Corp (ONGC) and Indian Oil Corp NSE 0.28 %, and Kolkata-based MCPI &#8211; to increase their bids in case they want to compete. GAIL also has been given the option to increase its offer, three people familiar with the process said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Lenders to the insolvent JBF Petrochemicals have given the second and third highest bidders until September 17 to match or beat GAIL NSE 0.38 %&#8217;s leading bid to take over the company. In a meeting on Tuesday, lenders have told the two bidders &#8211; a consortium of Oil and Natural Gas Corp (ONGC) and Indian Oil Corp NSE 0.28 %, and Kolkata-based MCPI &#8211; to increase their bids in case they want to compete. GAIL also has been given the option to increase its offer, three people familiar with the process said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-522017","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=522017"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522017\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=522017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=522017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=522017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}