OIL AND NATURAL GAS CORPORATION LTD. - Clarification from Oil and Natural Gas Corporation Ltd

The Exchange had sought clarification from Oil and Natural Gas Corporation Ltd with respect to the news item appearing in the Financial Express dated July 14, 2014 captioned "ONGC mulls OMPL-MRPL merger - Deloitte appointed to value JV".<br/><br/>Oil and Natural Gas Corporation Ltd has replied as under:<br/><br/>"There is no such proposal pending consideration of the Board and therefore we are unable to comment further on the issue."