Medilytix Bureau : ONGC NSE 0.57 % and Indian Oil NSE -0.42 % will submit a joint financial bid for JBF Petrochemicals, the former said in response to ET’s queries on its interest to acquire the Mangalore-based bankrupt chemicals company under corporate insolvency process. “ONGC has entered into a consortium with Indian Oil for the purpose indicated in your trailing email and is likely to submit a financial bid shortly,”

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