ONGC is expecting the due diligence and valuation report on its proposed plan to acquire stake in SPIC Petrochemicals,the petrochemicals business of SPIC soon.Ernst & Young,which has been appointed as a financial advisor by ONGC,is expected to submit its report shortly.Engineers India Ltd (EIL) and law firm Amarchand & Mangaldas have been appointed as technical and legal consultants respectively for conducting due diligence.
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