New suitors line up for CIC Energy

In addition, another unnamed Chinese company is reportedly preparing a bid for CIC Energy, due to be unveiled by October 30.

The two bids come as CIC Energy and the "multi-billion Pula Indian conglomerate" - which has been widely identified as JSW, are bound to an exclusivity period expected to last a number of weeks. Under the agreement, CIC Energy will not solicit, initiate or encourage submission of further offers or participate in negotiations with parties other than JSW.