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Cairn to get $135 million

New Delhi, Oct. 2 (PTI): Oil and Natural Gas Corporation (ONGC) today said it will acquire Cairn Energy’s stake in two oil and gas blocks on the east and west coast for $135 million.

ONGC will buy Cairn’s 90 per cent interest in deep-water exploration block KG-dwn-98/2, a 15 per cent exploration interest in block CB/os-2 and a 10 per cent interest in the Lakshmi and Gauri gas fields.

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